Good Value House - Villa to Buy in Syracuse - United States - Ref 638586
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House/Villa Description
REF ADI8
FINANCED DEAL $42K ($25K DOWN PAYMENT & $17K OVER 5 YEARS)
GROSS ANNUAL RETURN: 44%
NET ANNUAL RETURN, AFTER RUNNING COSTS: 25%
FOUR APARTMENTS & GOOD LOCATION FULLY RENTED
High Yield Investment opportunity situated in Syracuse, New York State.
Notes: This property has $17,000 tax arrears with the city that will have to cleared by the new owner this is done by setting up a payment plan with the city over a period of five years it is comparable to having a five year mortgage this is a fantastic opportunity to acquire a substantial four apartment building on a limited budget and gives you the opportunity to use the income from the property to build your asset value for you, so contact us today for details.
Listing agent says: FULLY RENTED, OWNER PAYS ELECTRIC OF 90 PER MONTH. GOOD MONEY MAKER WITH SOME UPDATES.C OF C 5/09 GOOD FOR 5 YEARS, BUYER RESPONSIBLE FOR ALL TAXES IN ARREARS. $17,000 PAYMENT PLAN WITH CITY
Property Type
Detached double family property consisting of FOUR apartments (2 x 2 & 2 x 1 bedroom apartments)
Key features
? Asking price $25,000 / £16,129 / 18,518
? Gross annual return $17,400 / £11,225 / 12,888 70%
? Net annual return after running costs $6,260 / £4,038 / 4,637 25%
? Four apartments, 2 x 2 & 2 x 1 bedroom
? Purchased 2008 for $68,000
? Substantial property
? Very Good rental location
? Exceptionally high yield
? Full management service provided
Financial details
Net rental yield after all annual running costs
($17,400 less running costs; $1,740 management, $1500 water and insurance , $3100 property taxes, $3700 on payment plan, $1100 electric =$ 6,260)
Gross rental income; $1,450 / £935 / 1,074 per month
Net rental income; $522 / £336 / 386 per month
Buying expenses
The all inclusive purchase costs for this property are $4,000.You could own this property for $29,000 and not a cent more, approximately £18,709 / 21,481 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 rent-ability and the tenants, THERE ARE NO HIDDEN EXTRAS, ALLTHIS IS INCLUDED IN THIS PRICE.
Approximate breakdown of purchase costs per property are as follows;
Legal costs: $1,200
Survey costs / Property report: $1,000
Commission / fees: $1,800
Please note that with the ever changing exchange rates we have used £1=$1.55 & 1= $1.35 for guidance only, as all property prices are set 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.
Property Description
The Property: A detached property consisting of FOUR apartments, 2 X 2 & 2 X 1 bed
The Location: The property is situated less than a mile west of Syracuse University the cities biggest employer and about a mile South of the city center.
Condition: This property has been checked by the property manager and he has quoted $3,000 for fresh interior paint and carpets, this is included in the asking price
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, three bedroom units are in high command.
Tenanted: YES
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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€18,814 | £15,741 | US$25,000 (Currency and Foreign Exchange services supplied by  )
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| Type |
House/Villa |
| Bathrooms |
4 |
| Bedrooms |
6 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Innovative investment strategies offering 25% annualized returns regardless of market conditions
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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$25,000
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 |
23 |
57,500 |
75,000,000 |
37,000 |
242,990 |
| Commercial |
49,000 |
49,000 |
49,000 |
5,000,000 |
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* Calculations based on 15 properties for sale in Syracuse and 2621 properties for sale in USA |
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