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Low Cost Townhouse Up for Sale in Erie County - United States

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Townhouse Description

ALREADY TENANTED MULTI UNIT PROPERTY

SAME TENANT FOR OVER 30 YEARS IN LOWER UNIT !!!

2 x 3 bedroom Apartments bringing in a combined monthly rent of $900.

No Repairs to be made

SECURED PRICE OF PROPERTY: $33,500 / €25,000 / £22,333

TOTAL COST TO PURCHASE THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS & FEES: $38,215 / €28,374 / £25,383

•Detached Multi Unit Property in Buffalo, Western New York
•Both Units Already Tenanted
•Lower unit with same Tenant for over 30 years
•Income from Day 1 of Purchase
•Exceptional Low Cost Investment Opportunity

This is a multi unit property in Buffalo, Western New York. Both units offer 3 bedrooms, living room, dining room, kitchen and bathroom. The property measures 2,316 sq ft of build area, with a garden measuring 3,270 sq ft.

Both units are fully tenanted, the upper unit rents for $400 a month and the lower unit rent for $500 a month, the tenant in the lower unit has been residing in the property for over 30 years. Both units provide a colossal gross monthly rental income of $900.

The property also boasts having no repairs to be carried out by the successful buyer.

GROSS MONTHLY RENTAL INCOME: $900 / €671 / £600

Monthly expenses include:

•Property Tax of $103 / €76 / £68
•Rental Management Fee of $100 / €74/ £66
•Water Utility Charge of $60 / €44 / £40

THIS WILL GIVE YOU A NET MONTHLY INCOME OF: $637 / €477 / £426

NET INCOME PER ANNUM: $7,644 / €5,724 / £5,112

We bring to you the whole Package:

1.Low Priced Multi Unit Property with High Yield Rental Income
2.Both Units Rented to Tenants
3.Property Rental Management Company
4.Engineers Home Inspection Report
5.Attorney at Law (Lawyer) Assigned
6.Complete Unrivalled Personal Service and Supervision of your Purchase from Start to Finish

All prices are calculated at the following currency conversion rates: $1.34=€1 $1.50=£1


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Approximate price of this 6-Bed Unknown
€26,702 EUR | 
£21,369 GBP | 
US$33,500 USD | 

(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 647991 
Town Buffalo 
Region Erie County 
Province New York 
Country United States  
Type Townhouse
Bathrooms
Bedrooms
Category Re-Sale  
Listed over 1 year ago
Looking at property as an investment? ...   Find out more >>

Property Characteristics

  • Garden:  Private Garden
  • Distance to Shops:  Close

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Price: US$33,500
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Purchase this Townhouse in Buffalo for

US$56p/m

(60% LTV, 5% Interest Rate, 30 years)

(Subject to status. Information given for guidance purposes only.)

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Price of Property in Buffalo, USA

Property Type Min Price Max Price Median Price
(All prices in EUR) Buffalo USA Buffalo USA Buffalo USA
House/Villa 11,038 240 30,000 65,000,000 16,666 242,990
Townhouse 12,341 23 41,000 6,400,000 - 209,900

* Calculations based on 25 properties for sale in Buffalo and 5114 properties for sale in USA




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