$350,000
●
House -
In Contract
7 Lafayette Avenue
Mastic, NY 11950
3 Beds
1 Bath
$1,956
Estimated Monthly
$0
HOA / Fees
12.99%
Cap Rate
About This Property
Welcome to an outstanding investment opportunity in Mastic. This
cape-style home, featuring 3 bedrooms and 1 bath, comes with a
current tenant in place until next January. The property is Section
8 approved, and the approval seamlessly transfers with the house,
offering a hassle-free investment transition for the new owner
(reapplication for the rental permit required). This property is a
smart choice for investors seeking value and potential. The
functional layout creates a warm and inviting atmosphere, making
this home an ideal residence for tenants. One of the key advantages
of this investment is its Section 8 status, providing a steady
income stream and increased stability. The new owner will need to
reapply for the rental permit, and with the existing tenant in
place until next January, you can enjoy immediate returns on your
investment. Benefiting from low taxes, this property enhances its
appeal as an attractive investment opportunity.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$237
HOA Dues
-
Year Built
1927
Listed By
Last updated: 7 days ago (OneKey MLS #ONE3528161)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 23, 2024 | In contract | - | |
In contract | |||
Jan 29, 2024 | Listed by RE/MAX Integrity Leaders | $350,000 | |
Listed by RE/MAX Integrity Leaders | |||
Jul 19, 2017 | Sold to Frank Santanello | $149,000 | |
Sold to Frank Santanello |
Property Highlights
Parking Details
Parking Features: Private, Driveway
Interior Details
Bathroom Information
Full Bathrooms: 1
Room 1
Level: First
Type: Living Room
Room 2
Level: First
Type: Kitchen
Room 3
Level: First
Type: 2 Bedrooms
Room 4
Level: First
Type: Full Bathroom
Room 5
Level: Second
Type: Bedroom
Room 6
Level: Second
Type: Den/Office
Room Information
Rooms: 6
Basement Information
Basement: Crawl Space
Exterior Details
Property Information
Architectual Style: Cape Cod
Property Type: Residential
Property Sub Type: Single Family Residence
Year Built: 1927
Building Information
Levels: Two
Building Area Units: Square Feet
Construction Methods: Frame
Lot Information
Lot Size Acres: 0.18
Lot Size Square Feet: 7841
Lot Size Dimensions: .18
Land Information
Water Source: Public
Water Source: See Remarks
Financial Details
Tax Annual Amount: $2,843
Utilities Details
Cooling: None
Heating: Oil, Hot Water
Sewer : Cesspool
Location Details
Directions: Montauk Hwy To Henry St. To Lafayette Ave.
County or Parish: Suffolk
Other Details
Selling Agency Compensation: 2
On Market Date: 2024-01-29