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  • 7
  • New York
Price £44,743
  • title image

Property Description

432 E Utica Street, Buffalo, NY 14208 is a substantial property arranged as three 2 bedroom apartments and one 1 bedroom apartment. It is located in the popular Kingsley district to the north west of Martin Luther King Park.

The property is currently being refurbished to a high standard and tenants are lined up to move in within the next 4 weeks prior to the closing of the sale. As part of the purchase process, an Inspection Report and copies of the leases will be provided.

This opportunity is priced to sell now and can be reserved with a deposit of $2,500 to the lawyers escrow account.

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: $70,000

Closing costs: $2,500

TOTAL OUTLAY: $72,500

RENTAL INCOME: $23,400 per annum

OUTGOINGS:

PROPERTY TAXES: $1,200

Water: $800

Insurance: $800

Management $2,400

TOTAL OUTGOINGS: $5,200

NET INCOME: $18,200

THE NET YIELD IS THEREFORE A FANTASTIC 25.1%

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

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