House/Villa Description
KEY FEATURES
Fully Let & Managed
Gross Annual Income; $16,500 - 35%, can be increased to $19,200 - 42%
Net Annual Income; $18,881 - 20%, can be increased to $10,861 - 24%
Four units for $45,000 - $11,125 per unit, reduced by $10,000 for quick sale.
Located in central position in Syracuse, ideal for renting.
All apartments have been refurbished.
Total purchase cost including ALL legal, survey, valuation fees & commissions - $51,000.
Excellent Income, good area and in good condition, an ideal investment.
INCOME
This property consists of FOUR one bedroom apartments all currently rented at unreasonably low rents of between $300 and $400 per month, producing $16,500 per annum and has scope to be increased to provide a return $19,200 per annum. FULL MANAGEMENT SERVICE PROVIDED.
LOCATION & DESCRIPTION
Built in 1940, situated in the west side of Syracuse but bordering on the north side, less than a mile from the Carousel Center shopping mall and the multibillion dollar Destiny USA Project, it has easy access to all Syracuses downtown main areas, ideal for renting. All the apartments have had the benefit of internal refurbishment, the property could benefit from the exterior being painted next summer. PLEASE NOTE FROM THE PICTURES, IT IS THE TENANTS THAT ARE MESSY NOT THE PROPERTY.
PURCHASE COST
YOU COULD OWN THIS PROPERTY FOR $51,000, APPROXIMATELY £34,000 /36,000 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.
PLEASE NOTE THAT WITH THE CONSTANTLY CHANGING EXCHANGE RATES WE HAVE USED £1=$1.5 & 1= $1.25 (RATES FOR GUIDANCE ONLY AS ALL PROPERTY PRICES ARE IN USD).
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.
