HIGH YIELD INVESTMENT PROPERTY

Property reference

BPIRSANTE

Property particulars

Fixed price of
GBP 15,385

Bedrooms:	2	Tenure:	Freehold
Bathrooms:	1	Property age:	50-100 Years

Property description

HIGH YIELD INVESTMENT OPPORTUNITY

IT WILL COST YOU ONLY �18,392 TO BUY THIS PROPERTY OUTRIGHT
INCLUDING ALL EXPENSES, FEES AND COSTS!

SINGLE FAMILY PROPERTY
GROSS RENTAL YIELD 27.5%!!
LIST PRICE: $35,000 / �17,949
AGREED PRICE: $30,000 / �15,385
APPRAISED VALUE: $33,000 / �16,923

� Gross Rental Yield 27.5%
� NET Monthly Income �215
� Already Fully Let
� Property Manager Assigned
� Home Inspection Conducted - Estimated non urgent repairs $1650
� Great location
� Single/ Double Family Property
� Attorney Assigned

This investment property is located in the city�s 10th ward, in an area of owner occupied and rental units, with mid-low income/social services/working.

This property was a foreclosure and is currently being renovated by the owner, who has a tenant from 1st January 2008, paying a rental income of $685/month.

All expected amenities such as schools, shops etc are nearby.

FEATURES:
Single Family Property.
Many owner-occupied properties in area, excellent re-sale potential.
Plenty of off street parking.
Tenancy type: Month to Month.
2 bedrooms, 1 bath, lounge, kitchen.
The kitchen has new cabinets, there is a new bathroom, and all rooms are freshly painted.

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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