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Five Apartment House (ref. 27753252)
Date & Time Listed: 2017-03-20 11:53:39 (GMT)

Posted in Categories: Real Estate, Apartments for Sale - Number of Bedrooms: 5, Number of Bathrooms: 5
Posted From: United States, New York, Erie


Ad Details:

This is a very rare and unique opportunity to purchase a five apartment building in Upstate New York. Properties of this size and at this price rarely come on the market. This huge building is made up of five separate studio apartments, each of which has its own entrance. All five of the apartments have been recently updated and all are under management by one of the leading Niagara Falls management companies. The combined rent for this property is $24,780 per year and it yields a 30% net return annually.This property is located in Zip Code 14301 Niagara Falls which is just five miles from Downtown Niagara Falls. It is also only two miles from the main University and less than two miles from Hyde Park Golf Course. The Airport is only four miles aways.
Investment Details
$24,780 rent a year.
$2,478 management fee.
$2,490 taxes.
$1,000 insurance.
= 30% net return.
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 5
Number of Bathrooms: 5

Price: 58,500.00 USD




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