723481-308 GLENWOOD HAS 6 APARTMENTS SELLING FOR $109.9K/£54.9K LOCATED IN WESTERN NEY YORK STATE

Key selling points for 723481.308G

    * VERY IMPRESIVE 6 Apartment Units at ONLY $110K/£55k
    * ALREADY LET!!!!!
    * Finders Fee: $3,000
    * Reservation Fee: $1,500
    * Sound Capital Growth
    * Great Long-Term Investment!

We have discovered for you this superb building consisting of 6 Apartment Unit (flats) in Western New York State. This building is a unique money maker already tenanted! The property is in an excellent location, close to a major City Centre with good transport links and activities.

Annual Gross Rent: $29,000

FEATURES:

6 family! $29,000 gross rents per year! Consisting of 4 studio apartments and 2 two bedroom apartments! C of O transferable! Low maintenance, vinyl siding! Featuring front and back porch, staircases, ample parking. Built in 1910, boosting 3,572Sq Ft in total with 100% occupancy rate. Nice area.

CASH FLOW OUTLOOK

Purchase price - $110,000(£55,000)

Deposit – $22,000 (£11,000) IF A MORTGAGE IS REQUIRED

Monthly Rental Income -$2,416/£1,208

80% Mortgage at 6.25% - $556.22/£443.40/month

Management 12.5%: $308.08/£151.04 per month

Taxes - $5,765/YR