REF ADI 4

Price; $49,000 / £30,625 / €35,000.

ASSESSED VALUE $71,500

FULLY LET SUBSTANTIAL INVESTMENT PROPERTY, REFURBISHMENT BEINGCOMPLETED

MULTI-FAMILY HOUSE CONSISTING OF THREE LARGE APARTMENTS & SHOP,

VERY GOOD NORTH-SIDE LOCATION NEAR DOWNTOWN SYRACUSE.

New roof & exterior currently undergoing refurbishment, propertyis fully let.

Gross annual returnwhen fully let: 42%

Net annual return,after fixed running costs: 30%

High Yield Investment opportunitysituated in Syracuse, New York State.

Notes; This substantial property consists of 1 x 3& 1 x 2 bedroom apartments and a shop which have been internallyrefurbished and are fully let, the rent for the shop at the moment is $100 per month which is low and should beincreased to $300 so we have based our financial calculations on these figuresthe 2 x 2 bedroom apartments is rented for $500 each per month and the rent forthe three bedroom apartment is $550 which is a bit low and could be increasedto $600, the property also has the benefit of having a complete roofreplacement a year ago and the exterior is currently being upgraded to completethe external refurbishment so do not be deterred by the pictures which do not dothis property justice. The property is situated in the North side of the city meters away from restaurants, local shops andamenities and has easy access by publictransport to all the city’s main locations.

Property Type

Substantial detached propertyconsisting of THREE apartments & Shop (2 X 2 & 1 X 3 bedroom & Shop)

Key features

· Price;$49,000 / £30,625 / €35,000.

· Grossannual return; $22,200/£13,875/€15,875 42%.

· Net annualreturn after fixed running costs; $14,930/£9,331/€10,664 30%

· Assessedvalue $71,500.

· Undergoing externalupgrades with new roof

· Threeapartments 2X4 & 1x2 Bedroom & SHOP

· Substantial& well located.

· Very goodnorth-side location

· In highrental demand.

· Fullmanagement & purchase service provided

Financial details

Rentroll per month; $500 for each two bed apartments & $550 for the three bedapartment & rent for the shop should be increased to $300 = $1,850

Net income after fixed runningcosts: $22,200 – less running costs; $2,220 management costs, $1,500water/insurance and $3,550 property taxes =$14,930

Gross rental income; $1,850 / £1,156/ €1,321 per month

Net rental income; $1,244 / £777 /€888 per month

Buying expenses

The all-inclusive purchase costsfor this property are $4,000.You could own this property for $53,000 and not acent more, approximately £33,125 / €37,857 with all buying, legal fees &commissions paid.

We will have the property surveyedand a full management report prepared for you on the property, THERE ARE NOHIDDEN EXTRAS, ALL THIS IS INCLUDED IN THIS PRICE.

Approximate breakdown of purchasecosts per property are as follows;

Legal costs: $1,200

Survey costs / Property report:$1,000

Commission / fees: $1,800

Please note that with the everchanging exchange rates we have used £1=$1.6 & €1= $1.4 for guidance only,as all property prices are set in USD.

We provide a complete purchasing service and willintroduce the management that will maintain the property and collect the rent.

We will also source any property for our clientsto suit their needs and budget

Property Description

· The Property: A substantial detached property consisting of three apartments 2 x 2bedroom & 1 x 3 bedroom and a shopall fully let. The property is on a corner plot in a mixed residential and commercialarea.

· The Location: The property is situated in a good rental area in the favored northside of the city about a mile to the north of downtown Syracuse and about amile to the east of the carousel center Syracuse’s biggest shopping mall andmeters away from Restaurants and local shops.

· Condition; The property has had a complete roofreplacement and all the apartments have been modernized the exterior iscurrently undergoing renovation.

· Occupancy rate: High, due to the location of the property and the size of theapartments there will always be a demand and it would be easy to findreplacement tenants if needed.

· Tenanted: YES.

· Management ofthis property: A full management service will be provided with this property.

Stop Press: 2011 CNN Story... Syracuseis 3rd in affordable housing.

CNNMoney says this about Syracuse; This old city grew prosperous on theErie Canal trade. It became an industrial town where many different productsfrom traffic signals to chemicals were made. Today, most of its biggestemployers are in the educational and service fields.
The metro area has grown very slowly during its post-industrial age, leaving alarge inventory of housing that sells off slowly. Meanwhile, Syracuse-areaworkers are quite well paid, with a median wage of close to $65,000.Unemployment, at 8.3%, is below the national average.
High income and depressed home prices result in excellent housing affordabilityscores.

Why buy in Syracuse?

Despite global property market slumps, stock market crashes andgovernment bailing out of banks, Syracuse property prices are holding firm.Seeing a slight increase last year, Syracuse is listed in 2011 by CNN Money asthe third most affordable place to live and work in the USA. This vibrant city,which remains the fifth most highly populated in New York State, is situatedabout 250 miles (downtown Syracuse to downtown New York) to the North-West ofNew York City. Assets include the city’s own Airport, Hancock International,and the large and well-respected Syracuse University which boasts athree-hundred acre campus. This impressive university is the city’s biggestemployer, housing teaching hospitals which specialize in fields such asBio-Technology and Pharmaceuticals. These industries have been attracted to thecity since the 1980’s, which has resulted in a much lower unemployment / higheremployment rate than the national average. With about 65% of inhabitantschoosing to rent in Syracuse, there is a very high demand for rental propertiesand, along with the city’s additional assets; Syracuse has proven itself anexcellent area to invest in.

The Service we provide

American Dream Investments (ADI) specialize insourcing high yield income properties in the area of Syracuse, Onondaga County,NY State, USA, for investors who are seeking a truly bespoke service tailormade to their individual requirements.

The company takes pride in offering propertiesthat produce an annual income of approximately up to 20% net, after fixedrunning costs have been deducted. The properties are situated in good locationswith high rental demand and are offered at the lowest possible negotiatedprice.

Thank youfor showing an interest in our investment property and we very much lookforward to you contacting us in the future.