231 Hill Rise, Calverton, NY 11933

Local realty services provided by:Better Homes and Gardens Real Estate Green Team
231 Hill Rise,Calverton, NY 11933
$315,000
  • 2 Beds
  • 2 Baths
  • 1,008 sq. ft.
  • Single family
  • Active
Listed by: keith m. dawson cbr
Office: signature premier properties
MLS#:931492
Source:OneKey MLS

Price summary

  • Price:$315,000
  • Price per sq. ft.:$312.5
  • Monthly HOA dues:$350

About this home

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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Home facts

  • Year built:1970
  • Listing ID #:931492
  • Added:46 day(s) ago
  • Updated:December 21, 2025 at 11:42 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Living area:1,008 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric, Forced Air

Structure and exterior

  • Year built:1970
  • Building area:1,008 sq. ft.
  • Lot area:0.02 Acres

Schools

  • High school:Riverhead Senior High School
  • Middle school:Riverhead Middle School
  • Elementary school:Phillips Avenue School

Utilities

  • Water:Public

Finances and disclosures

  • Price:$315,000
  • Price per sq. ft.:$312.5
  • Tax amount:$2,465 (2025)
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