income from day one with this high yield investmen
26% Net return after fixed running costs from this fully let investment consisting of two Duplexes in area of high rental demand a full purchase & management service provided, buy this property & have it managed from any part of the world Inquire today
REF ADI14 Fully renovated and rented, a unique opportunity.
Investment opportunity 2 x fully renovated Duplex apartments. Please look at the pictures to appreciate this beautifully modernized property.
FULLY TENANTED, INCOME FROM DAY ONE.
Fully tenanted & bringing in an income
Gross annual return: 40%
Net return when let after fixed running costs: 26%
Off street parking & own separate street entrances.
Two very attractive Duplexes with hardwood floors throughout
Superbly modernized apartments look at the pictures!
Excellent investment property!
2 x beautiful duplex apartments
High Yield Investment opportunity situated in Syracuse, New York State.
*Our Comments; Great opportunity to purchase an investment property that has undergone full refurbishment throughout this property is in excellent condition providing 2 x 3 bedroom apartments that will always rent easily due to their condition and location.
Agents comments; Great investment property! New rehab by a very talented & experienced team who pay attention to detail and know their stuff. Apartments look great and will rent fast! Will pass section 8 and FHA inspections. New windows, carpets, floors, paint, bathrooms, cabinets, counters, light fixtures! Downstairs has gas furnace, upstairs efficient electric baseboard heat! HUGE double lot! Parking for 4 cars, on bus line, and easy access to Western Lights shopping. Can be delivered fully rented with quality tenants if desired. Have full living room/dining room and can be converted to 3 bedroom units.
Detached investment property consisting of two Duplex apartments 2 X 3 bedroom with parking for 4 cars.
• Asking price $36,000/£22,500/€27,692
• Gross annual return $14,400 / £9,000 / €10,666 40%
• Net annual return after fixed running costs $9,510/£5,943/€7,044 26%
• Fully let producing income from day one
• Assessed value $49,000 modernized throughout
• 2 X Duplex apartments beautifully renovated, LOOK AT THE PHOTOS.
• Off street parking own street entrances.
• Would pass section 8 City requirements
• Good location of high rental demand
• Full management service provided
Rent roll $600 + $600 per month
Net rental yield when fully let and after fixed annual running costs
($14,400 – less running costs; $1,440 management, $1,000 water and insurance, $2,450 property taxes=$9,510)
Gross rental income; $1,200 / £750 / €888 per month
Net rental income; $792 / £495 / €587 per month
The all-inclusive purchase costs for this property are $4,000.You could own this property for $40,000 and not a cent more, approximately £25,000 / €30,769 with all buying, legal fees & commissions paid.
We will have the property surveyed and a full management report prepared for you on the property, 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=$1.60 & €1= $1.3 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.
• The Property: This property consists of two Duplex apartments with three bedrooms in each, the apartments are very attractive with hardwood floors throughout and there is also enough parking for 4 cars, each apartment has their own street entrances.
• The Location: The property is situated in the west side of the city about one mile south west of Syracuse city center and a mile and a half to west of Syracuse university the city’s largest employer
• Condition: EXCELLENT internal condition fully modernized throughout. PLEASE LOOK AT THE PHOTOGRAPHS TO APPRECIATE.
• Occupancy rate: High, due to the type of property there will always be a demand and it would be easy to find replacement tenants if needed.
• Tenanted: Yes.
• Management of this property: A full management service will be provided with this property.
Why buy in Syracuse?
CNN Money says this about Syracuse; 2011 CNN Story... Syracuse is 3rd in affordable housing.
Despite global property market slumps, stock market crashes and government bailing out of banks, Syracuse property prices are holding firm. Seeing a slight increase last year, Syracuse is listed in 2011 by CNN Money as the third most affordable place to live and work in the USA. This vibrant city, which remains the fifth most highly populated in New York State, is situated about 250 miles (downtown Syracuse to downtown New York) to the North-West of New York City. Assets include the city’s own Airport, Hancock International, and the large and well-respected Syracuse University which boasts a three-hundred acre campus. This impressive university is the city’s biggest employer, housing teaching hospitals which specialize in fields such as Bio-Technology and Pharmaceuticals. These industries have been attracted to the city since the 1980’s, which has resulted in a much lower unemployment / higher employment rate than the national average. With about 65% of inhabitants choosing to rent in Syracuse, there is a very high demand for rental properties and, along with the city’s additional assets; Syracuse has proven itself an excellent area to invest in.
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 up to 20% net, after fixed 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.
Thank you for showing an interest in our investment property and we very much look forward to you contacting us in the future.