Section 8 Rental In Shirley NY!

Suffolk County, Shirley, NY, 11967
Sold
Listed at: May 3rd, 2022
Price
$275,000
ARV
$400,000
Gross Margin
$125,000
Sq. Footage
958
Type
Attached
Parking
Assigned
Year build
1950
Lot size
9583.00 sqft
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

387 Decatur Ave Shirley NY 11967


Perfect property to refinance out in 3-6 months and have very little to no money in the property after everything is done.

 

The numbers:

Sales Price: $275,000

*Recommended to submit your best offer within 24hrs

 

Payment Term Options:

Hard money or Cash

 

Property Features:

Type: Ranch

Year Built: 1950

Interior Sq Ft: 958

Bedrooms: 3

Baths: 1

Lot Size: 9,583

Basement: Partial Basement

Exterior: Vinyl Siding

Heat: Hot Water

Fuel: Oil

Central Air: Central Heat


Taxes: $5,958.34


 

Layout: 3 bedrooms / 1 bath / living / kitchen / dining


Section 8 approved rents to

 

Property Details:

  • Rented to Section 8 Tenants with Town of Brookhaven
  • Current rent is 1900ish (Below market rent and can be raised)
  • Section 8 cover $1600+
  • Tenants cover $300+
  • Tenants pay ALL utilities
  • No defects on foundation
  • Some cosmetic work could be done. Can and will appraise for high 300s
  • Lease is not renewed but can be renewed in September

 

Other Information:

Appliances included: Stove, Microwave, Fridge, Dishwasher

 

Estimated closing date:

June 27th

 

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Warner Quiroga

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