36% potential net return, fully managed investment property (MD1894621)
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REF ADI 4 Fully rented with management in place income from day one, investment property with two 2 bedroom apartments. Gross rental income; $1,000 per month 1. Price $25,000/£15,625/€19,230. Fully tenanted providing immediate income 2. Gross annual return when fully let: 48% 3. Net return when fully let, after fixed running costs: 36% 4. Rental income $12,000 PA well maintained throughout. 5. Easy changeover to new comes with current management 6. Property consisting of 2 x 2 bedroom apartments High Yield Investment opportunity situated in Syracuse, New York State. Our comments; This is managed by the property manager that we use so we have the benefit of knowing the history of the property and its tenants any transfer to new owners would be easy and straight forward, the tenants say that they are happy and wish to stay. Property Type Detached investment property consisting of two apartments 2 X 2 bedroom Key features • Asking price $25,000/£15,625/€19,230. • Gross annual return $12,000 / £7,500 / €9,231 48% • Net annual return after fixed running costs $9,180/£4,500/€5,538 36% • Fully let & producing income from day one • Large 2 bedroom apartments eat in kitchens. • Wooden floors & their own street entrances. • Assessed value $54,000, nice street near park. • Content tenants that wish to stay • Full management service provided Financial details Rent roll $500 + $500 per month Net rental yield when fully let and after fixed annual running costs ($12,000 – less running costs; $1,200 management, $1,000 water and insurance, $2,600 property taxes, =$7,200) Gross rental income; $1,000 / £625 / €769 per month Net rental income; $600 / £375 / €461 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: 4, 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