House - Villa in Syracuse - Propertyshowrooms.com - Ref 638686
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House/Villa Description
REF ADI5
EXCELLENT CONDITION THROUGHOUT FULLY LET.
EVERY GOOD WEST-SIDE LOCATION,
GROSS ANNUAL RETURN: 40%
NET ANNUAL RETURN, AFTER RUNNING COSTS: 27%
High Yield Investment opportunity situated in north Syracuse, New York State.
Note; this property has now been inspected by the property manager and has been found to be in good order throughout, also this property sale is a bank short-sale so any purchase has to be agreed by the bank so will take a little longer to conclude than a normal sale.
Property Type
Detached double family property consisting of two apartments ( 2 x 3 bedroom apartments)
Key features
· Asking price $36,500 / £ 24,333 / €27037
· Gross annual return $14,400 / £9290 / €10,666 40%
· Net annual return after running costs $9960 / £6425 / €7377 27%
· Excellent West-side location
· Two apartments,2 x 3 bedroom
· Bought in 2007 for $55,000
· Good condition throughout.
· Management in place
· Fully let
Financial details
Net rental yield after all annual running costs
($14,400 – less running costs; $1,440 management, $1000 water and insurance, $2,020 property taxes =$9940)
Gross rental income; $1,200 / £774 / €888 per month
Net rental income; $830 / £535 / €614 per month
Buying expenses
The all inclusive purchase costs for this property are $4,000.You could own this property for $40,500 and not a cent more, approximately £27,000 / €30,000 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, 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/management 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 two apartments (2 x 3 bed)
· The Location: The property is situated in a good West-side location of the less than a mile from Syracuse University the city’s biggest employer and about a mile south of downtown Syracuse
· Condition: Been checked by the property manager and has been found to be in good condition throughout
· Occupancy rate: 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: Yes, it is fully let and bringing in an income, it will be always easy to find tenants for this property due to its location
· 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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€30,707 | £25,681 | US$40,500 (Currency and Foreign Exchange services supplied by  )
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| Type |
House/Villa |
| Bathrooms |
2 |
| 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
Find out more >> |
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$40,500
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 |
- |
- |
* Calculations based on 15 properties for sale in Syracuse and 2621 properties for sale in USA |
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