Syracuse > Onondaga County > New York > United States Townhouse - Villa Available

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Property No Longer Available This property has either been sold or removed from Propertyshowrooms.com. Here are links to some very similar properties Four Bedroom Two Bathroom House - Villa Available to Buy in Buffalo - United States House - Villa to Buy in Buffalo > Erie County > New York > United States Two Bedroom Two Bathroom House - Villa to Buy in Rochester | United States

House/Villa Description REF ADI7 Substantial Investment opportunity OVER 2800 sqft Price $27,500 / £17,187/ €19,643. Consisting of 2 x 3 Bedroom apartments fully rented & managed Very large apartments will always be easy to find tenants when needed. Gross annual return: 52% Net annual return, after fixed running costs: 35% High Yield Investment opportunity situated in Syracuse, New York State. Our comments; This is an excellent opportunity to acquire a substantial and attractive investment property consisting of 2 x 3 bedroom apartments which are fully rented, please note rents are low and need increasing which the property manager will do for the new owner the rents are at the moment $500 + $525 and they should be $600 + $600 per month so we have calculated our financial breakdown on the higher figures. The property is already managed by A&M property management so the transfer to the new owner will be very straightforward. Property Type Substantial detached property consisting of two very large apartments 2 X 3 bedroom. Key features •Asking price $27,500 / £17,187/ €19,643. •Gross annual return $14,400/£9,000/€10,285 48% •Net annual return after fixed running costs $9,710/£6,069/€6,936 35% •Attractive & substantial investment property, •Consisting of 2 X 3 Bedroom apartments •Fully tenanted & income producing •Off street parking for two cars. •Full management service provided Financial details Rent roll $600 + $600 Net rental yield when fully let and after fixed annual running costs ($14,400 – less running costs; $1,440 management, $1,000 water and insurance, $2,250 property taxes=$9,710) Gross rental income; $1,200 / £750 / €857 per month Net rental income; $809 / £506 / €578 per month Buying expenses The all-inclusive purchase costs for this property are $4,000.You could own this property for $31,500 and not a cent more, approximately £19,687 / €22,500 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, 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=$1.6 & €1= $1.4 for guidance only, as all property prices are set in USD. 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: This property consists of two very large three bedroom apartments offering very good floor plans with large rooms the property itself is very attractive and large offering over 2,800sqft living space also having the benefit of private parking for two cars •The Location: The property is situated in good location in the west side of the city about half a mile to the city center and half a mile from Syracuse University the city’s biggest employer. •Condition: The property is in good rentable condition throughout with many upgrades having been carried out. •Occupancy rate: High, due to the type of property there will always be a demand, it would be easy to find replacement tenants if needed, there is a good demand for larger apartments. •Tenanted: YES. •Management of this property: A full management service will be provided with this property. Stop Press: 2011 CNN Story... Syracuse is 3rd in affordable housing. CNN Money says this about Syracuse; This old city grew prosperous on the Erie Canal trade. It became an industrial town where many different products from traffic signals to chemicals were made. Today, most of its biggest employers are in the educational and service fields. The metro area has grown very slowly during its post-industrial age, leaving a large inventory of housing that sells off slowly. Meanwhile, Syracuse-area workers 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 affordability scores. Why buy in Syracuse? Despite global property market slumps, stock market crashes and government bailing out of banks, Syracuse property prices are holding firm. Seeing a slight increase last year, Syracuse is listed in 2011 by CNN Money as the 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 situated about 250 miles (downtown Syracuse to downtown New York) to the North-West of New York City. Assets include the city’s own Airport, Hancock International, and the large and well-respected Syracuse University which boasts a three-hundred acre campus. This impressive university is the city’s biggest employer, housing teaching hospitals which specialize in fields such as Bio-Technology and Pharmaceuticals. These industries have been attracted to the city since the 1980’s, which has resulted in a much lower unemployment / higher employment rate than the national average. With about 65% of inhabitants choosing to rent in Syracuse, there is a very high demand for rental properties and, along with the city’s additional assets; Syracuse has proven itself an excellent area to invest in. The Service we provide American Dream Investments (ADI) specialize in sourcing high yield income properties in the area of Syracuse, Onondaga County, NY State, USA, for investors who are seeking a truly bespoke service tailor made to their individual requirements. The company takes pride in offering properties that produce an annual income of approximately up to 20% net, after fixed running costs have been deducted. The properties are situated in good locations with high rental demand and are offered at the lowest possible negotiated price. Thank you for showing an interest in our investment property and we very much look forward to you contacting us in the future. Like this? Then share with your friends and colleagues!

Approximate price of this 6-Bed Townhouse - Villa €21,919 EUR |  £17,542 GBP |  US$27,500 USD |  (Currency and Foreign Exchange services supplied by )

Ref 1046257  Town Syracuse  Region Onondaga County  Province New York  Country United States   Type Townhouse - Villa Bathrooms 2  Bedrooms 6  Category Re-Sale   Listed over 6 months ago

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Property Characteristics

• Setting:  AREA OF HIGH RENTAL DEMAND
• Setting:  Close To Schools
• Setting:  Close To Shops
• Setting:  Close to University
• Setting:  EXCELLENT RENTAL LOCATION
• Features:  income producing
• Parking:  Driveway
• Parking:  off street parking
• Parking:  Street
• Kitchen:  Cooker Fridge Freezer
• Kitchen:  Fully Fitted
• Distance to Shops:  Five minute walk

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