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7 Lafayette AVE Mastic, NY 11950
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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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Bought with Michael J Watts & Assoc Inc