Homes Abroad the UK's leading guide to Holiday Homes Abroad

  • 4
  • New York
Price £27,804
  • title image

Property Description

168 Austin St, Buffalo, NY 14207 is a spacious duplex property arranged as two 2 bedroom apartments. It is located in the popular Black Rock district not far from the Niagara River.

The property was built in 1900 and totals 1,864 square feet on a lot of 3,450.

The property is currently being refurbished and will be newly tenanted prior to the closing of any sale in the next 3-4 weeks. As part of the purchase process, between reservation and completion, we will provide the purchaser with a Home Inspection Report and copies of the leases.

Unlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:

Purchase Price: $43,500

Closing Costs: $2,500

TOTAL OUTLAY: $46,000

RENTAL INCOME: $12,000 per annum

OUTGOINGS:

Property Taxes: $620

Water: $600

Insurance: $450

Management: $1,200

TOTAL OUTGOINGS: $2,870

NET INCOME: $9,130

THE NET YIELD IS THEREFORE A FANTASTIC 19.78%

For further information or to reserve this property, please complete the enquiry form as soon as possible.

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