American House - Villa for Sale in Onondaga County - United States - Ref 639423
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Property No Longer Available
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House/Villa Description
REF ADI9
EXCEPTIONALY HIGH YIELD & IN GOOD CONDITION
GROSS ANNUAL RETURN: 42%
NET ANNUAL RETURN, AFTER RUNNING COSTS: 29%
Note: This property is vacant because the current owner has not paid the property manager money owed for repairs carried out, this is why this property is for sale at such a competitive price. Please look at the pictures this property is in very good condition throughout with new roof, water lines, water tanks and one new furnace at a cost of $15,000+ it represents a very good opportunity for someone to pick up a bargain priced property in good condition AND WE WILL TENANT THIS PROPERTY FOR THE NEW OWNER SO IT WILL PRODUCE AN INCOME FROM DAY ONE.
Property Type
Detached double family property consisting of two apartments (2 x 3 bedroom apartments)
Key features
Asking price $33,000 / £22,000 / 24,444
Gross annual return $13,800 / £9,200 / 10,222 42%
Net annual return after running costs $9,720 / £6,480 / 7,200 29%
Two apartments, 2 x 3 bedroom
Good condition throughout
Will be tenanted for new owner
Exceptionally high yield
Full management service provided
Financial details
Net rental yield after all annual running costs
($13,800 less running costs; $1,380 management, $1000 water and insurance, $1,700 property taxes =$9,720)
Gross rental income; $1,150 / £766 / 851 per month
Net rental income; $810 / £540 / 600 per month
Buying expenses
The all inclusive purchase costs for this property are $4,000.You could own this property for $37,000 and not a cent more, approximately £24,666 / 27,407 with all buying, legal fees & commissions paid.
We will have the property surveyed 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=$1.5 & 1= $1.35 for guidance only, as all property prices are set in USD.
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 the west-side of Syracuse about a mile to the west of Syracuse university and a mile south of downtown Syracuse.
Condition: This property is a new listing and has been checked out by our Syracuse representatives and they found it to needs $4,000. of updating to bring it to rentable condition and the cost of this is included in the asking price
Occupancy rate: High, due to the type these units and condition of this property there will be easy to find replacement tenants if needed, three bedroom units are in high command.
Tenanted: No please see the note on this property, we will fully tenant this property for the new owner.
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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€24,834 | £20,778 | US$33,000 (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$33,000
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 |
- |
- |
* Calculations based on 15 properties for sale in Syracuse and 2621 properties for sale in USA |
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