American House - Villa Up for Sale in Syracuse | United States - Ref 538400
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House/Villa Description
REF ADIPP4 In the rehab section on our website
Property type: Multi-family, Two apartments 1 X 2 BEDROOM & 1X 1 BEDROOM
Location: West Syracuse, New York State, USA
REHAB REQUIRED
NOTE: We will provide the building quotes and the trades need to rehab these properties and when the work is complete the management company will have the tenants lined up and ready to rent, this is truly an armchair property development service. The four main benefits of considering this route in acquiring your High yield investment are:
5. These properties provide the opportunity of buying a better property in your budget as they can be bought at a low price.
6. Once the rehab work is completed you have the security to know at your property will be in good condition for years to come
7. The rehab costs tax deductable and if the property is rented you can use the income to pay for the rehab work, there for increasing you asset value.
8. If the property has been vacant or boarded up you can get property tax exemptions for details of this go to http://www.syracuse.ny.us/PropertyExemptions/Main/Default.html
GROSS ANNUAL INCOME 41%
NET ANNUAL INCOME 22%*
*NOTE: NET INCOME WILL INCREASE WHEN THE PROPERTY TAXES ARE RE-NEGOTIATED
KEY FEATURES
ASKING PRICE, ($16,000+ $10,000 repairs) $26,000 / £17,333/ 20,000.
ORIGINAL LIST PRICE $35,000
GROSS ANNUAL RETURN $10,800/£7,200/8,307 41%.
NET ANNUAL RETURN AFTER RUNNING COSTS $5,816 /£3,877 /4,473 22%
TWO APARTMENTS, 0NE X 2 BEDROOM & ONE X 1 BEDROOM.
GOOD LOCATION, EASY TO FIND TENANTS
MAINTENANCE FREE VINYL SIDING ( $10,000 )
COMES WITH LARGE DETACHED GARAGE IN THE REAR OF THE PROPERTY
FINANCIAL DETAILS
GROSS RENTAL YIELD, MORE THAN 41%!! - $13,800/£9,200/10,600
NET RENTAL YIELD AFTER ALL ANNUAL RUNNING COSTS, 22%* - $5,816 /£3,877 /4,473 22%
($10,800 LESS RUNNING COSTS; $1,080 management , $1000 water and insurance , $2,824 property taxes =$5,816)
GROSS RENTAL INCOME PER MONTH - $1,150 / £766 / 884
NET RENTAL INCOME PER MONTH - $668 / £445 / 513
YOU COULD OWN THIS PROPERTY FOR LESS THAN $32,000, APPROXIMATELY £21,333 /24,600 WITH ALL THE REHAB WORK CARRIED OUT. 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, THE RENTABILITY AND THE TENANTS. ALLTHIS IS INCLUDED IN THIS PRICE.
PLEASE NOTE THAT WITH THE EVER CHANGING EXCHANGE RATES WE HAVE USED £1=$1.5 & 1= $1.3 FOR GUIDANCE ONLY, AS ALL PROPERTY PRICES ARE SET IN USD.
LET AND MANAGED
Property Description
The Property: A detached property consisting of two apartments, .
The Location: The property is situated in a good rental area of West Syracuse with the Destiny USA project, the Carousel Center, Syracuse university and all the other city center amenities situated about a mile and a half from the property.
Condition: This property needs internal rehab to the two apartments inertior renovation, redecoration and flooring. This can be quoted for and carried out by the management company, just contact us for details.
Occupancy rate: Extremely high, due to the location and type of property there will always be a demand for this property and it would be easy to find replacement tenants if needed.
Tenanted: No, due to the renovation works that are needed. Our management company will find a good tenant for this property once the renovation work is completed, we only sell properties with a high rental demand.
Management of this property: A full management service will be provided with this property.
The City
Syracuse, USA; the City with Potential.
Syracuse is a vibrant city with much to offer and, with the right advice on property types and areas, it offers great investment opportunities. One of the key considerations to assure demand for your rental property is LOCATION.
The city boasts a University, a variety of schools, several hospitals, shopping malls, an airport and also the multi-billion dollar Destiny USA project. This is a major redevelopment project that will provide hotels, waterfront restaurants, office and retail space, which will attract additional business and employment to the city, the first phase of this project will be completed in spring 09.
Market report.
Property prices have not suffered in Syracuse, unlike many other areas in the USA, the reason being that prices have been historically low while offering excellent returns on investments. A full market report will be supplied upon request or can be found on our website
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 20% net, after 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.
ADI invite you to contact them and they will be delighted to answer any questions you may have regarding the advantages of investing in Syracuse and the benefits of the full purchase package and management service they offer.
Thank you for showing an interest in our investment property and we very much look forward to you contacting us in the future.
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Approximate price of this 0-Bed Unknown
€20,724 EUR |
£16,585 GBP |
US$26,000 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
House/Villa |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Map of Syracuse, New York, United States
Towns located close to Syracuse, United States
| • No other towns listed as being close to this town |
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Price: US$26,000
Currency in United States
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Latest Property News in USA
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Price of Property in Syracuse, USA
| (All prices in EUR) |
Syracuse |
Syracuse |
Syracuse |
| House/Villa |
13,625 |
240 |
57,500 |
65,000,000 |
37,000 |
242,990 |
| Commercial |
49,000 |
49,000 |
49,000 |
7,000,000 |
- |
- |
* Calculations based on 15 properties for sale in Syracuse and 4608 properties for sale in USA |
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