HIGH YIELD INVESTMENT PROPERTY

Property reference

BPIRMONT75

Property particulars

Fixed price of
GBP 11,282

Bedrooms:	3	Tenure:	Freehold
Bathrooms:	1	Property age:	50-100 Years

Property description

HIGH YIELD INVESTMENT OPPORTUNITY

SINGLE FAMILY PROPERTY
GROSS RENTAL YIELD 32%!!
LIST PRICE: $25,000 / �12,820
AGREED PRICE: $22,000 / �11,282
APPRAISED VALUE: $33,000 / �16,923

IT WILL COST YOU ONLY �14,315 TO BUY THIS PROPERTY OUTRIGHT
INCLUDING ALL EXPENSES, FEES AND COSTS!

� Gross Rental Yield 32%
� NET Monthly Income �183
� Already Fully Let
� Property Manager Assigned
� Home Inspection Conducted - Estimated non urgent repairs $2000
� Great location
� Single Family Property
� Attorney Assigned

This investment property is located north west of the city centre in the city�s 9th ward.

River Genesee is to the east and Edgerton Park is a few blocks to the north.

This is an area of rental units, low income/social services, with excellent transport links.

This home is approximately 1 mile from the General Motors Plant and Kodak Distribution Centre: good employment opportunities.

The property is fully let, with tenants wish to continue living there. They pay rental of $600/month. Tenancy type: Month to Month.

FEATURES:
Single Family Property.
Partially fenced rear yard. Lot size is 50 x 115.
3 bedrooms, 1 bath, lounge, dining room, kitchen. Plenty of off street parking.
There has been extensive work on the interior: a wall was removed to open the living room/dining room area. Beamed ceilings in the living and dining rooms, with decorative closet doors. The kitchen is large, and the bathroom has the original ceramic tiles. Carpeting throughout the living room is recent, and hardwood flooring in the bedrooms is in good condition.

Rochester is the third largest city in NY State. It lies an hour by car to the east of Buffalo, and is considered a sister city. It was America�s first boomtown, largely due to it being the biggest flower producing city in the world in the 19th century. Median Income levels are low, making it a city of renters rather than home owners.

It�s home to a large number of international businesses, and is the world capital of imaging technology and optical science, with the university of Rochester ranked number 1 in the country for optical science services. It has historically been a city of high tech industries, which is why is hasn�t seen the decline that other areas have in past decades. Indeed, there is a boom in highly advanced technological industries here as their economy diversifies further into the 21st Century. The main employers there are the University of Rochester, Wegman�s food markets, Eastman Kodak, Xerox and Viahealth (source- Wikipedia).

The population during the last census showed an increase vastly due to the presence of the technological industries and associated employment there. The real estate market expects capital gains of above 8% this year, and Rochester has the distinction of being named in the top 10 places to own real estate in the USA. (source-CNN). Property prices are slightly higher than Buffalo, but the rental yield increases also. There has been a 3% rise in property prices over the last few months. We toured Rochester and found that the city has been developed at a faster pace than Buffalo, and similarly to Buffalo, there are some great areas to invest in.

We provide a complete professional investment package on our Western New York rental properties. Prices start at �10k, NET rental returns of �250 monthly. With a weak dollar, and gross yields over 25%, now is the time to build a portfolio of freehold properties in Buffalo, Rochester and our new location - Syracuse, NY. We have over 2 years experience and offer unrivalled service to give you an armchair investment.

THESE PROPERTIES DO NOT STAY AVAILABLE FOR LONG,
AND WITH SUCH FANTASTIC GROSS RENTAL YIELDS IT�S NOT HARD TO SEE WHY!

CONTACT US NOW FOR MORE INFORMATION!!!

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