Investment Opportunity in Silver Lake – Two-Family with Rental Income (Sold As-Is) Located on Silver Lake Road, this semi-attached two-family property offers great potential for investors or buyers looking to generate rental income. The lot spans 2,400 sq. ft., with a building footprint of 17 ft x 37 ft. A built-in garage and one-car carport provide convenient parking options. The primary unit is a spacious 4-bedroom, 1-bathroom apartment currently rented for $2,500. On the upper level, one rented studio generating $1,300 per month. The property is being sold as-is and requires significant work, making it a fantastic opportunity for someone ready to invest in updates and care. With both units already generating rental income and the potential for more, this property could become a valuable asset in a prime Staten Island location. Located in the desirable Silver Lake area, this property offers easy access to Silver Lake Park for outdoor activities and relaxation. The neighborhood is well-connected, with nearby bus routes like the S48 and S98, and close proximity to the Staten Island Expressway for easy commutes. Forest Avenue shops and restaurants are just minutes away. The area is also served by top-rated schools, including P.S. 45 and I.S. 27, making it ideal for families.
Property Details
Property Features
Property Information:
Year Built: 1931
Stories: 2
Living Area: 1,260 SqFt
Listing Office:
Office Name: Lucblue Realty LLC
Interior Features
Interior Information:
Basement: Yes
Flooring Type: Hardwood
Bedroom and Bathroom Information:
Full Bathrooms: 3
Exterior Features
Parking Information:
Parking: 1 Space, Built-In Garage, Carport
Utilities
Utilities Information:
Heating: Hot Water, Natural Gas
Cooling: Window Unit(s)
Price Information
Listing Price Info
Price Summary:
List Price: $699,999
Price Per SqFt: $556/SqFt
Tax Information:
Annual Amount: $4,793
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Staten Island, NY.
This property is $10K less than the Median Sold Price and $147/SqFt more than other homes in Staten Island, NY.
Based on homes sold in October 2024
MLS Details
MLS Information:
MLS Number: #486943
Listing Office:
Office Name: Lucblue Realty LLC
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This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 11/22/2024, 6:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$4,793
$29,760
2018
$4,438
$22,680
2017
$3,935
$22,510
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
P.S. 45 John Tyler School
58 Lawrence Ave
Distance between this listing and this school0.64 miles
Public District Grades PK-5
4
/10
P.S. 31 William T. Davis School
55 Layton Ave
Distance between this listing and this school0.85 miles
Public District Grades PK-5
5
/10
PS 65 Academy of Innovative Learning (The)
155 St Pauls Ave
Distance between this listing and this school0.96 miles
Public District Grades PK-5
Nearby Schools
4
/10
I.S. 61 William A. Morris School
445 Castleton Ave
Distance between this listing and this school0.11 miles
Public Magnet Grades 6-8
5
/10
I.S. 27 Anning S. Prall School
11 Clove Lake Pl
Distance between this listing and this school1.15 miles
Public Magnet Grades 6-8
4
/10
I.S. 49 Bertha A. Dreyfus Intermediate School
101 Warren St
Distance between this listing and this school1.22 miles
Public District Grades 6-8
Nearby Schools
3
/10
Ralph R Mckee Career and Technical Education High School
290 Saint Marks Pl
Distance between this listing and this school1.14 miles
Public District Grades 9-12
4
/10
Curtis High School
105 Hamilton Ave
Distance between this listing and this school1.16 miles
Public District Grades 9-12
4
/10
Eagle Academy for Young Men of Staten Island (The)
101 Warren St
Distance between this listing and this school1.20 miles
The neighbors living near this home have an average income of $74,643. The most common annual income of people living in Staten Island, NY is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 171 Silver Lake Rd in Staten Island, NY and zip code 10301 in the North Shore neighborhood. This 1,260 square foot home was built in 1931. Features: 3 bathrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $699,999.
While more than 17 listings in Staten Island, NY in October 2024 were sold above asking price, there were more than 9 listings sold at asking price, and more than 46 were sold below. The inventory of homes for sale in Staten Island, NY between September 2024 and October 2024 decreased by 5.3%. In October 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $710,000.
From Rocket Homes Real Estate and based on county public records data.