HIGH YIELD INVESTMENT PROPERTY

Property reference

BPISYRFURM

Property particulars

Fixed price of
GBP 23,077

Bedrooms:	7	Tenure:	Freehold
Bathrooms:	3	Property age:	50-100 Years

Property description

HIGH YIELD INVESTMENT OPPORTUNITY

DOUBLE FAMILY PROPERTY
GROSS RENTAL YIELD 26%!!

LIST PRICE: $47,900 / �24,564
AGREED PRICE: $45,000 / �23,077
APPRAISED VALUE: $55,000 / �28,205

IT WILL COST YOU ONLY �26,123 TO BUY THIS PROPERTY OUTRIGHT
INCLUDING ALL EXPENSES, FEES AND COSTS!

� Gross Rental Yield 26%
� NET Monthly Income �341
� Already Fully Let
� Property Manager Assigned
� Home Inspection Conducted - Estimated non urgent repairs $3000
� Great location
� Double Family Property
� Attorney Assigned

This investment property is located south of the city on a quiet, low traffic, residential street.

This is a neighbourhood of mostly rental units, low income/social services. The houses surrounding this property are similar in terms of style, size and appeal.

All expected amenities are nearby.

The property is fully let, with two sets of tenants who enjoy their respective apartments and wish to continue living there. They pay $500 monthly each, giving a total of $1000. The average market
rent of these units could be $650 - $750.

FEATURES:
Good condition Boston-Style 2 Family Property. Two covered porches with a 2-car detached garage and long driveway.

1st Floor Apt: 3 bedrooms, 1 full bathroom. The kitchen is currently being professionally renovated and the bathroom is being remodelled. New vinyl windows.

2nd Floor Apt: 4 bedrooms, 2 full bathrooms. The dining room is freshly painted and there are hardwood floors throughout. Section 8 tenant.

Tenancy type: Month to Month. Tenants pay all utilities except water.

The name derives from SYRACUSE in Sicily, and is linked because of the salt found in swamps there centuries ago. It lies in central New York, about 3 hours by car east of Buffalo and Rochester. In the 1950�s to 1970�s the population increased dramatically due to the presence of car manufacturer�s in the city sparking mass migration to the area. The loss of this industry followed, and the population declined.

It now has a steady population, and relies on less larger named employers, but instead has smaller businesses which do provide a certain amount of stability. Evidence of this is found in the multitude of active business districts in the city.

The top 5 employers now are: Syracuse University, Medical University, National Grid, Wegman�s food markets and Oneida Nation. Last year, Syracuse�s job growth rate tied with NY City for the highest in the state! (CNN) Planning consent has recently been passed to expand the city�s current carousel centre which houses retail, leisure and business industries, into the proposed �Destiny USA� project. This would be among the largest malls in the country! Creating thousands of new jobs and turning Syracuse into a huge metropolis and tourist destination. Phase 1 of the destiny project is underway, phase 2 has been agreed. This is a must place to invest into, and is also ranked in the top 10 places to own real estate in the USA.

The excellent positioning of this city within New York State ensures that it is a major route for all trade and commerce that passes from NYC through to other states below. Property prices are slightly higher, but with an anticipated capital growth rate predicted to be the highest in Western New York this year, and with the increased job growth and expansion plans, this will be a �hotspot� for investors in the coming months and throughout 2008.

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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