32% potential net return, fully managed investment property (MD1894611)
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REF ADI 3 Three apartments fully renovated by previous owner at a cost of $9,000 look at the pictures to appreciate also will come with a new Certificate of Compliance from the city, fully rented will provide a gross income of $19,200 per annum 1. Price $42,000/£27,076/€32,307. 2. Tenanted, immediate income 3. Gross annual return: 46% 4. Net return when fully let, after fixed running costs: 32% 5. Substantial investment property on a corner lot. 6. Three apartments renovated throughout 7. Less than a mile to University Campus 8. Ample parking to the rear. High Yield Investment opportunity situated in Syracuse, New York State. Our comments; The owner of this property has just spent $9,000 renovating the three apartments internally including electrics, kitchens, bathrooms and decoration throughout the property is situated on a corner lot less than a mile from Syracuse university and comes with ample parking for three or more cars to the rear. Key features • Asking price $42,000/£27,076/€32,307. • Gross annual return $19,200 / £12,387 / €14,769 46% • Net annual return after fixed running costs $13,380/£8,943/€10,292 32% • Fully let producing income from day one. • $9,000 spent on internal renovations/upgrades. • THREE apartments less than a mile to university. • Ample off street parking at rear. • Attractive property on a corner lot • Substantial investment property at a bargain price • Full purchase & management service provided Financial details Rent roll $600 + $600 + $400 per month Net rental yield when fully let and after fixed annual running costs ($19,200 – less running costs; $1,920 management, $1,500 water and insurance, $2,400 property taxes=$13,380) Gross rental income; $1,600 / £1,032 / €1,230 per month Net rental income; $1,115 / £719 / €857 per month Buying expenses The all-inclusive purchase costs for this property are $4,000.You could own this property for $46,000 and not a cent more, approximately £29,677 / €35,384 with all buying, legal fees & commissions paid. We will have the property surveyed and a full management report prepared for you on the property, THERE ARE NO HIDDEN EXTRAS, ALL THIS IS INCLUDED IN THIS PRICE.
Other Details: Number of Bedrooms: 8, Number of Bathrooms: 3
This property is located in: SYR, Siracusa, Sirak'jus, Sirakjuz, Sirakuso, Syracusae, Syracuse, Syracuse i New York, sayrakywz, shirakyusu, shirakyuzu, sileokyuseu, sirekyuja, syrakywz, nywywrk, xi la qiu ci (New York, United States).
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American Dream Investments (Real Estate Agent) from United States
About American Dream Investments
Welcome to American Dream Investments. We provide an all-inclusive service sourcing investment properties in Syracuse, New York State, USA. It is our aim to source properties for our clients providing an average annual return up to 20% net, after annual management and fixed annual running costs, and up to 40% gross per annum. We offer a tailor-made service to suit each client’s individual requirements, ranging from the small investor who wants to buy just one property to large investment companies who are seeking to build property portfolios or pension plans. With the cost of investments starting in the region of $25,000, we are able to offer a service that allows even the smallest investor to start building a property portfolio. Some of the properties we currently have available can be viewed on our property pages on our website www.americandreaminvestments.net