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

  • 4
  • New York
Price £63,918

Property Description

BUFFALO QUAD PLEX in excellent location. 18.87% NET YIELD. 4 Dunlop Ave, Buffalo NY 14215 is a spacious multi unit looking onto the McCarthy Park. Built in 1970 the property totals 2,688 square feet on a lot of 7,155 square feet. The property consists of four 1 bedroom units with 4 bathrooms and benefits from a basement.

This is an excellent investment opportunity as there is a large demand for these multi unit properties from worldwide investors.

Comprehensive refurbishment works are well advanced and will be completed by the end of September. New tenants are lined up to move in to all the units shortly thereafter to ensure an excellent income from day one.

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: $100,000

Closing Costs: $3,500

TOTAL OUTLAY: $103,500

RENTAL INCOME: $24,000.00per annum

OUTGOINGS:

Property Taxes: $849.00

Water: $1,000.00

Insurance: $700.00

Management: $1,920.00

TOTAL OUTGOINGS: $4,469.00

NET INCOME: $19,531.00

THE NET YIELD IS THEREFORE A FANTASTIC 18.87%

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

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