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  • 6
  • New York
Price £39,629
  • title image

Property Description

420 Riley St, Buffalo, NY 14208 is a substantial property arranged as 4 self contained units located in the popular Kingsley district to the north west of Martin Luther King Park. There are two 2 bedroom units and two 1 bedroom units.



The property is currently being refurbished and will be newly tenanted prior to closing in the next 2-3 weeks.

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: $62,000



Closing costs: $2,500



TOTAL OUTLAY: $64,500



RENTAL INCOME: $21,600 per annum



OUTGOINGS:



PROPERTY TAXES: $950



Water: $800



Insurance: $800



Management: $2,160



TOTAL OUTGOINGS: $4,710



NET INCOME: $16,890



THE NET YIELD IS THEREFORE A FANTASTIC 26.2%

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

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