Mastic, NY 11950,7 Lafayette AVE
$330,000
$350,000
5.7%
Est.Price: ?

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3 BD
1 BA
7,840 Sqft Lot

7 Lafayette AVE Mastic, NY 11950

Est. payment /mo
SOLD DATE : 06/28/2024

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Key Details

Sold Price $330,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 3528161

Style Cape Cod

Bedrooms 3

Full Baths 1

Year Built 1927

Annual Tax Amount $2,843

Lot Size 7,840 Sqft

Property Description

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.

Location

State NY

County Suffolk

Rooms

Kitchen 1

Interior

Heating Oil, Hot Water

Cooling None

Exterior

Garage Private, Driveway

Building

Sewer Cesspool

Water Public

Structure Type Frame

New Construction No

Schools

Middle Schools William Floyd Middle School

High Schools William Floyd High School

School District William Floyd

Others

Special Listing Condition None

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Listed by RE/MAX Integrity Leaders • 631-736-2000
Bought with Michael J Watts & Assoc Inc

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EXIT Realty First Choice

Agency | License ID: 49DA1128510

+1(718) 380-2500

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