Nest Seekers

Residential investment opportunity two renovated homes and two barns on one parcel in a walk to town Riverhead location.

Riverhead, NY 11901

Listing

Web ID:5789190
Website:https://www.nestseekers.com/5789190

Property

Ownership: For Sale
Type: Single Family
Rooms: 20
Bedrooms: 9 BR
Bathrooms: 4
Lot Size: 0.3 Acres

Financials

Price:$1,495,000
Annual Taxes:$14,416.98

Description

Residential investment opportunity: two renovated homes and two barns on one parcel in a walk-to-town Riverhead location. Long-term tenants and leases are in place, with upside potential in rents. Buyer must assume all existing leases; tenants will not be vacated to facilitate a sale. 331 Maple Avenue offers approximately 3,000 SF with 6 bedrooms and 3 baths, while 329 Maple Avenue features 3 bedrooms and 1 bath. Both homes have new kitchens, baths, roofs, siding, and renovated interiors. Mechanical upgrades include new heating and hot water at 331, and new heating, air conditioning, and hot water at 329. Two barns offer additional rental potential and storage flexibility, subject to permitted uses. Located near downtown Riverhead’s major revitalization efforts, including the nearly $33 million Town Square project, this property combines established tenancy, extensive improvements, and rental upside near significant downtown reinvestment. Call for Details. Proof of funds required prior to any showing

Amenities

  • Dishwasher
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Connected
  • Oven
  • Range
  • Refrigerator
  • Sewer Connected
  • Stainless Steel Appliance(s)
  • Trash Collection Public
  • Water Connected

Contact

Bridgehampton, NY
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Phone: +1 631-353-3427
Fax: +1 631-614-7858
hamptonsinfo@nestseekers.com
Listing Courtesy of East End Luxury Ltd
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