House/Villa Description
REF ADI24 PROPERTY DETAILS
PLEASE NOTE THAT WITH THE EVER CHANGING EXCHANGE RATES WE HAVE USED £1=$1.6 & €1= $1.25 FOR GUIDANCE ONLY AS ALL PROPERTY PRICES ARE SET IN USD.
GROSS ANNUAL RETURN 38%,
NET ANNUAL RETURN AFTER RUNNING COSTS 24.5%
HIGH YIELD INVESTMENT OPPORTUNITY
SITUATED IN SYRACUSE NEW YORK STATE
FULLY LET & MANAGED
FULLY SURVEYED
DETACHED TRIPLE FAMILY PROPERTY
NEGOTIATED PRICE - $40,500 / £25,312/€ 32,400
GROSS RENTAL YIELD, MORE THAN 38%!! - $15,300 / £9,562 / €12,240
NET RENTAL YIELD AFTER ALL ANNUAL RUNNING COSTS, 24.5% - $9,821 /£6,138 /€7,856
($15,300 – LESS RUNNING COSTS; $1530 management , $1100 water and insurance , $2849 property taxes =$9821)
RENTAL INCOME - $1275 / £796 / €1020 per month
YOU COULD OWN THIS PROPERTY FOR $46,500, APPROXIMATELY £29,000 /€37,200 WITH ALL BUYING, LEGAL FEES & COMMISSIONS PAID. WE WILL HAVE THE PROPERTY SURVEYED, VALUED BY AN INDEPENDENT VALUER AND A FULL MANAGEMENT REPORT PREPARED FOR YOU, ON THE PROPERTY AND THE TENANTS. ALLTHIS IS INCLUDED IN THIS PRICE.
GROSS INCOME FROM THIS PROPERTY IS $1275, APPROXIMATELY £796 / € 1020 per month! FEATURES: Detached, two storey, TRIPLE family; Each apartment has TWO bedrooms, living room, dining room, kitchen, 1 bathroom. Lot size: 33 x 132. Tenancy Type: Month to Month.
PROPERTY DESCRIPTION
Detached property with 3 family units ( 3x2 bed) This property is fully let, all the units are in good rentable order,the property is located on the south side of Syracuse, approximately 800m from the Community General Hospital, 800m from Onondaga Park , 2800m from the City Center and 2500m from Syracuse University, ideally situated for renting.
All the units are fully rented and are of an attractive open plan design containing two bedrooms each.
The property has benefited from a full and thorough survey and the owner has agreed to carry out all upgrades reported in the survey for the purchaser of this property, the survey report will be forwarded to the buyer upon reservation.
The new owner of this property will own an
investment property which does not require any upgrades, returning 25%+ net, after all annual running expenses.
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.
