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REF ADI 5 Fully Rented producing a gross monthly rent of $1,500
Good North-side location, tenants in place income from day one substantial investment property of THREE APARTMENTS in a good city rental location, below assessed value
Price $44,900/£28,062/€34,538.
1. Long-term tenants, immediate income
2. Assessed value $62,000 sold 2006 $56,000
3. Gross annual return when fully let: 40%
4. Net return when fully let, after fixed running costs: 27%
5. Rental income $18,000 PA
6. Less than a mile from downtown Syracuse
7. Good rental location, good residential street.
8. Property consisting of THREE apartments 1X3,2,1 Bed
Key features
• Asking price $44,900/£28,062/€34,538.
• Gross annual return $18,000 / £11,250 / €13,846 40%
• Net annual return after fixed running costs $12,400/£7,750/€9,538 27%
• Fully managed & let producing income from day one
• Attractive property in an elevated position.
• Descent sized fenced back yard/garden.
• Much better than average North side location
• Well maintained by current owner.
• Content tenants that wish to stay
• Full management service provided
Financial details
Rent roll $600 + $500 + $400 per month
Net rental yield when fully let and after fixed annual running costs
($18,000 – less running costs; $1,800 management, $1,500 water and insurance, $2,300 property taxes, =$12,400)
Gross rental income; $1,500 / £937 / €1,153 per month
Net rental income; $1,033 / £646 / €794 per month
Buying expenses
The all-inclusive purchase costs for this property are $4,000.You could own this property for $49,000 and not a cent more, approximately £30,650 / €37,692 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, ALL THIS IS INCLUDED IN THIS PRICE.

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