income from day one with this high yield investmen
High yield Income producing investment producing 30% annual return after fixed running costs consisting of TWO FULLY LET 4 BEDROOM DUPLEXES WITH SEPARATE STREET ENRANCES, full purchase+Management Service provided buy this property safely from any part of the world
REF ADI 10
Price $38,500/£24,062/€29,615.
Fully tenanted, immediate income
Gross annual return: 42%
Net return when fully let, after fixed running costs: 30%
2 x substantial 4 bed Duplexes on a corner lot.
With separate street entrances
High Yield Investment opportunity situated in Syracuse, New York State.
Our comments; This is a chance to buy a fully let substantial investment with two very large Duplex apartments with their own street entrances and off street parking each Duplex has four bedrooms and are extremely sizable comparable to two semi-detached houses. Both Duplexes are on the approved rental registry, the tenants are incredibly messy as you will see from the pictures but this is cosmetic and the Duplexes can be decorated for the new tenant when the current ones move on, it will be easy to find tenants when needed.
Property Type
Detached investment property consisting of two Duplexes 2 X 4 bedroom
Key features
• Asking price $38,500/£24,062/€29,615.
• Gross annual return $16,200 / £10,125 / €12,461 42%
• Net annual return after fixed running costs $11,680/£7,300/€8,984 30%
• Fully let producing income from day one
• Two very large 4 bedroom Duplexes.
• Off Street parking own street entrances.
• Attractive property on a corner lot
• Approved on the rental registry
• Full management service provided
Financial details
Rent roll $675 + $675 per month
Net rental yield when fully let and after fixed annual running costs
($16,200 – less running costs; $1,620 management, $1,000 water and insurance, $1,900 property taxes=$11,680)
Gross rental income; $1,275 / £797 / €885 per month
Net rental income; $973 / £608 / €749 per month
Buying expenses
The all-inclusive purchase costs for this property are $4,000.You could own this property for $42,500 and not a cent more, approximately £26,562 / €32,692 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=$1.6 €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.
Property Description
• The Property: This property consists of two large Duplex apartments each with four bedrooms, off street parking and their own street entrances the property is situated on a corner lot on a road giving direct access to the City center.
• The Location: The property is situated in a residential location in the west side of the city of Syracuse about a mile to the west of the university the city’s largest employer and a mile to the south of the city center.
• Condition: We have inspected this property and found that the property is structurally sound but the tenants are very messy so each Duplex will need decorating for new tenants when the current ones move on, please see the pictures.
• 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.