28% potential net return, fully managed investment property (MD1894672)
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REF ADI 6 Finance option may be available for this property at sellers discretion, contact us for more details. 1. Chance to buy two fully tenanted & managed apartments in a good rental location at a great price. 2. Price $25,000/£15,625/€19,230. 3. Gross annual return when fully let: 43% 4. Net annual return, after fixed running costs: 28% 5. $910 Gross monthly income when fully let 6. 29% less than assessed value of $35k. 7. Less than a mile to Syracuse city center. 8. Fully tenanted & managed providing immediate income. 9. INTERNAL PICTURES SUPPLIED UPON REQUEST. High Yield Investment opportunity situated in Syracuse, New York State. Notes; The seller has indicated that he will offer a mortgage to the buyer of this property please contact us for further details, Listing agents comments; Investment property - Owner will hold mortgage. Price is right - financing is right. A money maker. * Property Type Detached property consisting of two apartments 1 x 2 & 1 x 1 bedroom apartments. Key features • Price $25,000/£15,625/€19,230 • Gross annual return $10,920 / £6,825 / €8,400 43% • Net annual return after fixed running costs $6,928 / £4,330 / €5,329 28% • Fully let providing an immediate income. • Good North-side rental location next door to ADI 5 • Finance may be available to buy this property • Two full let apartments, fenced rear yard. • Off street parking for two cars. • Management will provide the tenants for this property. • Full management service provided Financial details Rent roll $500 + $410 Net rental yield when fully let and after fixed annual running costs ($10,920 – less running costs; $1,092 management, $1,000 water and insurance, $1,900 property taxes,=$6,928) Gross rental income; $910 / £569 / €700 per month Net rental income; $577 / £361 / €444 per month Buying expenses The all-inclusive purchase costs for this property are $4,000.You could own this property for $29,000 and not a cent more, approximately £18,125/ €22,307 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: 3, Number of Bathrooms: 2
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