SoldJun 28, 2024

Listed by Karen Roth from RE/MAX Integrity Leaders

Bought with Michael Watts from Michael J Watts & Assoc Inc

Source: OneKey #3528161

7 Lafayette Ave, Mastic, NY, 11950

$330,000

3
1
7841 sq. ft.

SingleFam

30+ days on the market

Sold: Jun 28, 2024

What's around 7 Lafayette Ave

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.

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