Do Real Estate on the Go!
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Do Real Estate on the Go!
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$315,000
2 Beds
2 Baths1 full bath + 1 half bath
1,008sqft
231 Hill Rise, Riverhead, NY 11933
$315,000
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Single Family Residence
Built in 1970
$350 HOA
871 sqft lot
$312/sq.ft
Description
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.
- Houzeo last checked: 38 Minutes ago
- Listing updated: November 7, 2025 at 1:18 pm
- Listing Provided by: Keith M. Dawson CBR (631) 879-2168 | Signature Premier Properties (631) 642-2300
- Source: OneKey MLS-NY | MLS#: 931492
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1970
HOA Fees
$350
Finished Area
1,008 sqft
Lot Size
871 sqft lot
Basement Area
- sqft
MLS Name
OneKey MLS
MLS Number
931492
MLS Status
Active
Days on Market
102
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