Already Leased! 2 Apartments $7,536 Per year Rent!!
Real Estate
Already Leased! 2 Apartments $7,536 Per year Rent!!
533 Goodyear Buffalo NYAlready Rented!! Price: $29,995 Tenants: Occupied Address: 533 Goodyear St.Buffalo, NY 14212 RETURN ON INVESTMENT 17.87% Monthy Rent: 628 Payment Method Government Check / Cashier Checks # of Units 2 Rental Agreement: Month to Month ec.propertiesllc@gmail.com 533 Goodyear Buffalo NY 2 unit 2 Bedroom Multi-Family Home Mins Away From Historic Downtown Already Rented To A++ Tenants Property Rented For $628 Per Month Government Rental Assistance Buy IT Now $29,995 2 x 2 multi-family Already Rented Newer Plumbing Rented for $628 Per month 5 mins away from historic downtown Government Rental Assistance This property is sold Clear and Free This property's tenants are long term tenants Govnerment Rental Assistance Checks mailed directly to you! Every property has a security deposit equal to 1 months rent! If the tenant does not have 1 months rent and a full security depost, they will not even be considered to rent any property we own! Buffalo is now listed in the top 10 areas to invest NATIONWIDE for real estate (CNN Money May 2008) Buffalo is Expecting appreciation of 24.5% over the next 5 years. Buffalo NY is also one of highest cash flow cities in the world. There are few places in the entire world where where you can get a higher return on Rental Property As the nationwide promise of huge appreciation has all but disappeared, Buffalo NY is increasing in sales. Multi family homes are in much higher demand with tenants. And Investors are realizing the profits After our thorough review process we carefully select the highest quality tenant for each property. The majority of properties for rent in the City of Buffalo are multi family apartments Because of the Great ROI and unlike single family homes you have income coming for multiple units On each property we sell the tenants pay their own: Electric, Gas, Phone, and Cable. The Tenants are also responsible for the snow removal during the winter and lawn maintenance during the summer, spring, and fall! Buffalo NY is a landlords paradise! THE RETURN ON INVESTMENT IS CONSERVATIVE AND STILL TREMENDOUS. PLEASE SEE BELOW, AS I HAVE ACTUAL EXPENSES PAID FOR 2007. THESE ARE NOT ESTIMATES! THE RETURN ON INVESTMENT IS AN ACCURATE 17.87% PER YEAR RETURN These are actual taxes and city fees for 2007 Not examples - all are paid Bill Due Bill Frequency Amount Due Yearly County of Erie Yearly $327.48 $327.48 City of Buffalo Property Tax Half Yearly $212.36 $424.72 Sewer Rent Charge Yearly $48.73 $48.73 User Fee (Trash Collection) Quarterly $85.12 $170.24 $30,000 Limited Liablity Insurance Including Rent Loss Coverage Yearly $254.00 $254.00 Total Yearly Expense - - $1,225.17 LET US SHOW YOU THE MATH Purchase price = $29,995 Yearly Income ( $628 x 12 ) = $7,536 Expenses as listed in above table = $1,225.17 Minus fix up cost (Paint Interior/Exterior approx) $950 Net Annual Income = $5,360.83 Divided by sales price of $29,995 This is a CONSERVATIVE 17.87% RETURN ON INVESTMENT! The following year ROI INCREASES TO 20.25% RETURN ON INVESTMENT! THIS DOES NOT INCLUDE RENT INCREASE FOR THE FOLLOWING YEAR We like to be as up front as possible with our investors and include all fees and taxes charged by the city of Buffalo and County of Erie in a given year. The exact amount paid to the city of Buffalo and County of Erie for the year of 2007 was $1,040.05 Included in that $1,040.05 paid annually is your trash collection cost, sewer rent, water bill, and county tax. Keep in mind the tenant pays for their own gas, electricity, phone, and cable. Before bidding on any property, ask any seller to give you exact expenses. You will find most sellers would not even know where to find this information. Most have never even been to Buffalo. We are experts in Buffalo real estate PLEASE READ THE TERMS. THIS IS A CASH ONLY SALE. THERE WILL BE NO TIME TO ALLOW FOR FINANCING. I HAVE PROVIDED ALL INFORMATION TO HELP THE BUYER REACH AN EDUCATED DECISION PRIOR TO BIDDING. If you are looking for quality properties with quality tenants, look no further. This property is already rented to a "five-star" tenants! Collect $628 in rent from day one A local property manager is ready to manage this property for you. This property is available for showing at your convenience. WE ARE YOUR ONE-STOP SHOP We encourage phone calls and emails prior to bidding, or if you wish to ask your question to a real person, please feel free to call us @ our phone number listed below. erik (323) 405-6494 ecProperties multi units are offer at reasonable "buy it now" prices. ***seller reserves the right to end the auction early since I am also selling it locally***. Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information. Funds to be transferred within 3 working days or sooner via wire transfer, money order, cash or bank check only. You will also need to include $695 to cover the closing costs and paperwork transfers. Once the funds are received the transfer will be recorded in the erie county clerks office. By bidding on this property you allow ecProperties to sign and record all necessary paperwork on your behalf. This Property Sold "as is",no warranties expressed or implied. All information is deemed reliable but not guaranteed | ||||||||||||||
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