REF ADI3

BankShort-sale opportunity

Askingprice $33,000 / £20,625/ €23,571.

Excellentinvestment property consisting of 2 very large 3 bedroom apartments

Great City North-side rental location.

Gross annual return whenfully let: 43%

Net annual return,after fixed running costs: 30%

High Yield Investment opportunitysituated in Syracuse, New York State.

Our comments; This property is a bank Short-Sale in need of re-commissioning as it hasbeen vacant for a while due to being a Short-sale, it offers an excellentopportunity to own a very attractive investment property in a good rental areawith two large three bedroom apartments which will rent very easily and at avery competitive price of $33,000 including all the upgrades needed to make itrent ready and once the upgrades are complete the management company willprovide tenants for the property.

Thisproperty is in a great rental area, very attractive; offers large apartmentsthat will rent easily so if you are looking for a good investment property at agreat price contact us today and let us negotiate for you with the bank.

Property Type

Detached property consisting of twoapartments 2 x 3 bedroom.

Key features

· Asking price $33,000 / £20,625/ €23,571.

· Gross annual return $14,400 / £9,000 / €10,286 43%

· Net annual return after fixed running costs $9,910/£6,194/€7,078 30%

· Very attractive property with low taxes

· Consisting of 2 x 3 bedroom apartments

· In area of high rental demand

· Excellent location North-side location

· Close to all local amenities, restaurants, shops, transport.

· Full management & purchase service provided

Financial details

Rent roll$600 + $600

Net rental yield when fully let andafter fixed annual running costs

($14,400 – less running costs; $1,440management, $1,000 water and insurance, $2,050 property taxes=$9,910)

Gross rental income; $1,200 / £750 /€857 per month

Net rental income; $826 / £516 / €590per month

Buying expenses

*The all-inclusive purchase costs forthis property are $4,000.You could own this property for $37,000 and not a centmore, approximately £23,125/ €26,428 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, ALLTHIS 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.

INTERESTED IN THIS PROPERTY? CONTACTUS FOR DETAILS

We provide a complete purchasingservice and will introduce the management that will maintain the property andcollect the rent.

We will also source any property forour clients to suit their needs and budget.

Property Description

• The Property: This consists of two large apartments consisting of three bedrooms in each with both apartments having their own street entrances this is also a very attractive property which will rent very easily
• The Location: It is situated in the favored North-side of the city about a mile to the north of downtown Syracuse with the main Shopping Mall the Carousel center to the east
• Condition: This property is a bank short-sale and has been vacant for quite some time and needs re-commissioning throughout, we have included the cost of this in the asking price and this work will be completed for the new owner by the property management company in less than one month then they will provide tenants for the property
• Occupancy rate: High, due to the type of property there will always be a demand and it would be easy to find replacement tenants if needed, there is a high demand for three bedroom apartments.
• Tenanted: No as this is a bank short-sale but it will be very easy for the property manager to find tenants for this property.
• 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.

CNNMoney says this about Syracuse; This old city grew prosperous on theErie Canal trade. It became an industrial town where many different products fromtraffic signals to chemicals were made. Today, most of its biggest employersare 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

AmericanDream Investments (ADI) specialize in sourcing high yield income properties inthe area of Syracuse, Onondaga County, NY State, USA, for investors who areseeking a truly bespoke service tailor made to their individual requirements.

Thecompany takes pride in offering properties that produce an annual income ofapproximately up to 20% net, after fixed running costs have been deducted. Theproperties are situated in good locations with high rental demand and areoffered at the lowest possible negotiated price.

Thank you for showing an interest in ourinvestment property and we very much look forward to you contacting us in thefuture.