REF ADI6

Price $29,400 Sold in 2007 for $55,000.

Bank Short-sale bargain with many upgrades.

Fully let and managed, income from day one

Excellent City North-side location, assessed value $48,000

Gross annual return: 45%

Net annual return, after fixed runningcosts: 29%

High YieldInvestment opportunity situated in Syracuse, New York State.

Notes; The bank has already agreed the price onthis property so although any purchase will take a little longer to complete itshould not be too long at an average of sixty days, this is a great opportunityto pick up a very nice investment property in a good rental area for a lowprice this property sold for $55,000 in 2007 and now can be bought at an agreedprice of $29,400, it is fully rented and income producing with many upgradesincluding Newer roof, furnaces, windows and new plumbing this property will notbe available for long.

Agents comments; Fantastically low priced house thatbrings in a great income like clockwork each month. long term tenants. roof isless than 10 yrs old, lots of maintenance has been done in this house, it doesstill have some minor issues but nothing that is needed immediately. Plumbingis new, windows are newer, furnaces are around 5 yrs old. THIS IS A SHORT SALESO OFFER MUST BE APPROVED THROUGH BANK FIRST, UNDERSTAND THIS PROCESS MAY TAKEA WHILE, ALSO NOTE THAT A 48 HOUR NOTICE IS REQUIRED TO VIEW THE APARTMENTS.

Property Type

Detached doublefamily property consisting of two apartments (1 x 2 & 1 x 3 bedroomapartments)

Keyfeatures

· Asking price $29,400 / £18,375/ €21,000.

· Gross annual return $13,200 / £8,250 / €9,428 45%

· Net annual return after fixed running costs $8,480 /£5,300 / €6,057 29%

· Assessed value $48,000

· Two apartments 1 x 2 & 1 X 3 bedroom

· Favored North-side location.

· Area of high rental demand.

· Fully let & managed.

Financialdetails

Rent roll per month $500+ $600

Net rentalyield after fixed annual running costs

($13,200 – lessrunning costs; $1,320 management, $1000 water and insurance, $2,400 propertytaxes =$8,480)

Gross rentalincome; $1,100 / £687 / €786 per month

Net rentalincome; $707 / £442 / €505 per month

Buying expenses

The allinclusive purchase costs for this property are $4,000.You could own thisproperty for $33,400 and not a cent more, approximately £20,875 / €23,857 withall buying, legal fees & commissions paid.

We will havethe property surveyed and a full management report prepared for you on theproperty, THERE ARE NO HIDDEN EXTRAS, ALLTHIS IS INCLUDED IN THIS PRICE.

Approximate breakdown ofpurchase costs per property are as follows;

Legalcosts: $1,200

Surveycosts / Property report: $1,000

Commission/ fees: $1,800

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

INTERESTED INTHIS PROPERTY? CONTACT US FOR DETAILS

We provide acomplete purchasing service and will introduce the management that willmaintain the property and collect the rent.

We will alsosource any property for our clients to suit their needs and budget.

Property Description

· The Property: Adetached property consisting of two apartments, 1 X 2 &1 X 3 bed

· The Location: Theproperty is situated in an excellent rental area in a favored location in thenorth-side of Syracuse about a mile and a half west of the Carousel Center themain shopping mall in the city and less than a mile mile North of the citycenter and five hundred metres from St Josephs hospital .

· Condition: The property has hadmany upgrades within the last ten years including Roof, windows, plumbing andfurnaces, this offers a very good opportunity toacquire a good all round investment property on a small budget

· Occupancy rate: High, due to the location and type of propertythere will always be a demand for this property and it would be easy to findreplacement tenants if needed.

· Tenanted: YES to long-term tenants, it willbe easy to find tenant for this propertywhen needed.

· Management of this property: A full management service will be provided withthis property.

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

CNNMoney says this about Syracuse; This old city grew prosperous on the Erie Canal trade. It becamean industrial town where many different products from traffic signals tochemicals were made. Today, most of its biggest employers are in theeducational 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?

Despiteglobal property market slumps, stock market crashes and government bailing outof banks, Syracuse property prices are holding firm. Seeing a slight increaselast year, Syracuse is listed in 2011 by CNN Money as the third most affordableplace to live and work in the USA. This vibrant city, which remains the fifthmost highly populated in New York State, is situated about 250 miles (downtownSyracuse to downtown New York) to the North-West of New York City. Assetsinclude the city’s own Airport, Hancock International, and the large andwell-respected Syracuse University which boasts a three-hundred acre campus.This impressive university is the city’s biggest employer, housing teachinghospitals which specialize in fields such as Bio-Technology andPharmaceuticals. These industries have been attracted to the city since the1980’s, which has resulted in a much lower unemployment / higher employmentrate than the national average. With about 65% of inhabitants choosing to rentin Syracuse, there is a very high demand for rental properties and, along withthe city’s additional assets; Syracuse has proven itself an excellent area toinvest in.

The Service we provide

American Dream Investments(ADI) specialize in sourcing high yield income properties in the area ofSyracuse, Onondaga County, NY State, USA, for investors who are seeking a trulybespoke service tailor made to their individual requirements.

The company takes pride inoffering properties that produce an annual income of approximately up to 20%net, after fixed running costs have been deducted. The properties are situatedin good locations with high rental demand and are offered at the lowestpossible negotiated price.