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REF ADI 8 Price from $12,000/£7,500/€9,230. (EST)
Can be bought for cash or with finance option (tax sale, see notes).
TWO FULLY TENANTED rental apartments 1X1 bedroom, & 1X3 bedroom $1,050 gross income per month fully rented, price includes minor upgrades to receive a new certificate of compliance from the city.
TAX SALE PROPERTY see notes
Cash price $30,000 / £18,750/ €23,076.
****Price (EST) with tax repayment scheme $8,000/£5,000/€6,153.
1. Fully tenanted and managed.
Gross annual return when fully let: 46%*
2. Net annual return, after fixed running costs: 27%*
3. Substantial rental property in favored rental location
4. Providing 1 x 1 & 1 x 3 bed apartments.
High Yield Investment opportunity situated in Syracuse, New York State.
*NOTE, all financial calculations based on cash price.
*Note IMPORTANT tax repayment scheme, We acquired this property as a bank repossession with tax liabilities it is fully tenanted and produces a gross monthly rent of $1,050 it has approximately $22,000 outstanding property taxes that can be paid off in installments with a repayment plan with the City it is like buying a property with a built in mortgage allowing the buyer to purchase a substantial property on a budget to buy this property using this option would cost approximately $12,000 with all closing costs paid, we will set up the payment plan with the city for the new owner contact us for more details if this option is of interest and we will contact the City on your behalf to find out the terms and conditions of the repayment plan .
Property Type
Detached property consisting of TWO apartments. 1x1 & 1x3 bedroom
Key features
• Price with tax repayment scheme $8,000/£5,000/€6,153.
• Cash price $30,000 / £18,750/ €23,076.
• Gross annual return when fully let $12,600/£7,875/€9,692 42%
• Net annual return after fixed running costs $7,879/£4,924/€6,060 26%
• Fully rented & income producing.
• Situated in the favored north side of the city
• Walking distance to downtown Syracuse
• Providing 1x1 & 1x3 bedroom apartments
• Full management & purchase service provided
Financial details
Achievable rent roll $450 + $600
Net rental yield when fully let and after fixed annual running costs
($12,600 – less running costs; $1,260 management, $1,000 water and insurance, $2,461 property taxes=$7,879)
Gross rental income; $1,050 / £656 / €808 per month
Net rental income; $656 / £410 / €504 per month
Buying expenses
*The all-inclusive purchase costs for this property are $4,000.You could own this property for the all in cash price of $34,000 and not a cent more, approximately £21,250/ €26,153 or on the tax repayment scheme $12,000/£7,500/ €9,230 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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