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.
Listed by Keith M. Dawson CBR
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Signature Premier Properties
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631-642-2300
Last updated November 07, 2025
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Source: OneKey #931492
Listing Facts
TypeSingle-family
NeighborhoodCalverton
Bedrooms2
Bathrooms2
Days on Prevu15
HOA/Maint. Fees$350/month
Taxes$2,464.81/year
Size1,008 sqft
Price per sqft$313
Amenities
Private Outdoor Space
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
11/04/2025
Listed by Signature Premier Properties
$315,000
Property Details for 231 Hill Rise
Association
Fees
Association Fee: $350.00 Monthly
Association Fee Includes: Sewer, Water
Exterior
Construction
Property Attached: Yes
Structure Type: Townhouse
Year Built: 1970
Construction Materials: Frame
Features
Patio And Porch Features: Deck
Measurements
Building Area Units: Square Feet
Lot Size Acres: 0.02
Lot Size Square Feet: 871
Financial
Taxes
Parcel Number: 0200-357-00-03-00-036-000
Tax Annual Amount: $2,464.81
Tax Year: 2025
Interior
Features
Appliances: Electric Water Heater
Interior Features: Formal Dining, Galley Type Kitchen
Measurements
Living Area: 1,008
Living Area Source: Public Records
Rooms
Bathrooms Full: 1
Bathrooms Half: 1
Bathrooms Total Integer: 2
Bedrooms Total: 2
Rooms Total: 5
Other
Location
Subdivision Name: Calverton Hills
Tax Block: 0003
Tax Lot: 36
Parking
Parking
Parking Features: Assigned, Parking Lot
Schools
Elementary School
Elementary School: Phillips Avenue School
Elementary School District: Riverhead
High School
High School: Riverhead Senior High School
High School District: Riverhead
Middle or Junior School
Middle Or Junior School: Riverhead Middle School
Middle Or Junior School District: Riverhead
Utilities
Equipment
Cooling: Central Air
Heating: Electric, Forced Air
Sewer: Shared Septic
Utilities: Electricity Available
Water Source: Public
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