Turn-Key Investment Opportunity with Immediate Cash Flow!
Attention investors: This tenant-occupied property is ready to start earning from day one. With a solid monthly rental income of $2,542—of which $2,541 is reliably direct-deposited through Section 8—this is a low-maintenance, high-consistency addition to your portfolio. Tenant covers the remaining $61 per month, and the property delivers a strong 7% cap rate.
Whether you’re expanding your portfolio or securing your first rental, this income-producing asset offers built-in stability and immediate returns.
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Listing Snapshot
Price
$315,000
Days On Site
5 Days
Bedrooms
2
Inside Area (SqFt)
1,008 sqft
Total Baths
2
Full Baths
1
Partial Baths
1
Lot Size
0.02 Acres
Year Built
1970
MLS® Number
931492
Status
Active
Property Tax
$2,464.81
HOA/Condo/Coop Fees
$350 monthly
Sq Ft Source
N/A
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Recent Activity
5 days ago
Listing first seen on site
5 days ago
Listing updated with changes from the MLS®
General Features
Acres
0.02
Cross Street
Toppings Path
Levels
Two
Parking
AssignedParking Lot
Property Sub Type
Single Family Residence
Sewer
Shared Septic
Utilities
Electricity Available
Water Source
Public
Interior Features
Appliances
Electric Water Heater
Basement
None
Cooling
Central Air
Heating
ElectricForced Air
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Exterior Features
Construction Details
Frame
Patio And Porch
Deck
Community Features
Association Dues
350
HOA Fee Frequency
Monthly
School District
Riverhead
Schools
School District
Riverhead
Elementary School
Phillips Avenue School
Middle School
Riverhead Middle School
High School
Riverhead Senior High School
Listing courtesy of Signature Premier Properties kdawson@signaturepremier.com
Based on information submitted to the MLS GRID as of 2025-11-09 05:49 PM EST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently reviewed
and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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