Lifestyle Activities
City
Property Characteristics
Flats & Apartments, Freehold
Property Features
Garden
Full Description
GROSS ANNUAL RETURN: 38%
NET ANNUAL RETURN, AFTER RUNNING COSTS: 24%
High Yield Investment opportunity situated in north Syracuse, New York State.
NOTE: This property is fully tenanted and is owned property manager so it has been maintained to a very high standard and is located in the favored northside of Syracuse, it will be always very easy to find tenants for this property. This is what he says about this property:
Fully remodeled investor dream. All new plumbing/new electric baseboard heat to apt 1. New paint/flooring/appliances. Must see. Very happy tenants want to stay. VERY good Cap rate with $1100 per month in rental income. Property Type
Detached double family property consisting of two apartments (1 x 3 & 1 x 2 bedroom apartments)
Financial details
Net rental yield after all annual running costs
($13,200 - less running costs; $1,320 management, $1000 water and insurance, $2,465 property taxes =$8,415)
Gross rental income; $1,100 / £687 / €785 per month
Net rental income; $701 / £438 / €500 per month
Buying expenses
The all inclusive purchase costs for this property are $4,000.You could own this property for $39,000 and not a cent more, approximately £24,375 / €28,888 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=$1.6 & €1= $1.4 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 ( 1 x 2 & 1 x 3 bed)
- The Location: The property is situated in an excellent Northside location of the city this area is favoured by tenants and they normally stay for much longer periods than in other areas on the city
- Condition: Excellent condition throughout with many upgrades.
- 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, we only sell properties with a high rental demand.
- 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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