$390,000
For Sale

69 Philip Street

Riverhead, NY 11901
3 beds | 1 bath | #L3580081
Browse 22 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Calling all savvy investors! 69 Philip St is a prime income-generating property located in the thriving Riverhead community. This charming 3-bedroom, 1-bathroom home, complete with a versatile office space, offers an ideal investment for those looking to expand their real estate portfolio. With tenants already in place, this is a seamless opportunity for immediate cash flow. The property features a large front patio, perfect for tenant relaxation or entertaining, and a well-maintained interior with a functional layout. The spacious living areas and natural light make this home appealing to renters, ensuring continued demand. The added bonus of a dedicated office provides versatility for tenants working from home or needing extra space. Located just minutes from Riverhead's attractions-including North Fork wineries, parks, and beaches-this property offers long-term rental appeal. Tenants will appreciate the nearby shopping, dining, and recreational options, including Tanger Outlets and Splish Splash waterpark. With a strong local rental market, this is a must-see for investors looking to secure a reliable, low-maintenance asset., Additional information: Appearance:Good,Separate Hotwater Heater:No

  • Interior Details
      • InteriorMaster Downstairs, Formal Dining, First Floor Bedroom
    • Heating & Cooling
      • HeatingNatural Gas, Forced Air
    • Beds & Baths
      • Bedrooms3
      • Bathrooms1
      • Full Baths1
  • Property Details
      • Lot DescriptionNear Public Transit
    • Parking
      • Parking FeaturesDriveway, No Garage, On Street, Private
      • Parking TypeDriveway
  • Construction Details
      • Property TypePurchase
      • Basement1
    • Condition
      • Year Built1955
  • Utilities / Energy Details
      • AppliancesTankless Water Heater, Refrigerator
      • Utility FeaturesTrash Collection Public
      • Sewer InformationCesspool
      • Utility SourcePublic
  • Community and Neighborhood Details
      • High SchoolRiverhead Senior High School
      • Middle SchoolRiverhead Middle School
      • Elementary SchoolPhillips Avenue School
      • CountySuffolk County
      • School DistrictRiverhead
  • Financial Details
      • Original List Price$399,999
      • Taxes Annual$4,281
      • Days on Market (Cumulative)68
  • Other
      • MLS #L3580081

Location

Susan Camus | Imagine PropertiesReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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