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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.

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