| Price: £18,667 |
<
>
|
|
|
Property Type: Villa Bedrooms:
4
REF ADI8 GROSS ANNUAL RETURN: 42% NET ANNUAL RETURN, AFTER RUNNING COSTS: 26% High Yield Investment opportunity situated in west Syracuse, New York State. Listing Agent says: This is a cute 2 family w/newer roof, new exterior paint,1 large apt on left, first & second floor, w/ new paint and all new composite tile floors, new kitchen cabinet& counter, antique gas stove w/ tons of character. Right side apt has new paint and new carpets throughout. Property Type Detached double family property consisting of two apartments ( 2 x 2 bedroom apartments) Key features Asking price $28,000/£18,666/€20,740Gross annual return $11,400 / £7,600 / €8,444 41%Net annual return after running costs $7,360/£4,906/€5,451 26%Two apartments, 2 x 2 bedroom Recent new roof, new exterior paintGood condition throughoutManagement in placeFully let and producing an incomeFinancial details Net rental yield after all annual running costs ($Net income $11,400 - $1,140 management - $1,000 water/insurance - $1,900 property taxes = $7,360 Gross rental income; $950 / £633 / €703 per month Net rental income; $613 / £410 / €454 per month Buying expenses The all inclusive purchase costs for this property are $4,000.You could own this property for $32,000 and not a cent more, approximately £21,333 / €23,703 with all buying, legal fees & commissions paid. We will have the property surveyed and a full management report prepared for you on the property, the rent-ability and the tenants, THERE ARE NO HIDDEN EXTRAS, ALLTHIS IS INCLUDED IN THIS PRICE. Approximate breakdown of purchase costs per property are as follows; Legal costs: $1,200 Survey costs / Property report: $1,000 Commission / fees: $1,800 Please note that with the ever changing exchange rates we have used £1=$1.5 & €1= $1.35 for guidance only, as all property prices are set in USD. INTERESTED IN THIS PROPERTY? CONTACT US FOR DETAILS We provide a complete purchasing service and will introduce the management that will maintain the property and collect the rent. We will also source any property for our clients to suit their needs and budget. Property Description The Property: A detached property consisting of two apartmentsThe Location: The property is situated in a good rental area of west Syracuse yards away from Burnet park, less than a mile from the city center and the Carousel Center Condition: In good rentable condition with many upgrades including new roof.Occupancy rate: Extremely high, due to the location and type of property there will always be a demand for this property and it would be easy to find replacement tenants if needed.Tenanted: Yes, we only sell properties with a high rental demand.Management of this property: A full management service will be provided with this.The City Syracuse, USA; the City with Potential Syracuse is a vibrant city with much to offer and, with the right advice on property types and areas, it offers great investment opportunities. One of the key considerations to assure demand for your rental property is LOCATION. The city boasts a University, a variety of schools, several hospitals, shopping malls, an airport and also the multi-billion dollar Destiny USA Please note: Details for all properties are provided and maintained by third parties. Therefore, homesoverseas.co.uk makes no warranty as to the accuracy of these details. |