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Newly Renovated and Rented with annual gross income of $9420 in Buffalo NY. This Income property is a great opportunity for investment. Net Price is $42,3902 Family (double) Buffalo, NY | At-a-Glance Features: Cable Ready Ceiling Fan Lawn Porch 2 Car Garage
| Home Description: With a brand new roof and located only minutes from downtown Buffalo, NY and adjacent to Central Train Terminal, thriving arts and entertainment districts, your new home sits on a large, shaded, corner lot with easy alley entrance to the oversized garage. Boasting convenient access to schools, shopping, dining and I-190, this home is ideal for growing families that appreciates lots of space. A fresh renovation of the home’s interior includes a tasteful remodel extended to all 5 bedrooms, bathrooms, living rooms, formal dining room and eat-in kitchen. Updates include new flooring throughout, fresh paint inside and out, updated electrical, and more. With two of the five bedrooms upstairs, this home can also offer the option of a little quiet time for mom and dad to relax. The homes generous two-car garage with laundry hook-ups could also accommodate the added use of a workshop. Tax records do not reflect approximate square footage reflected in listing. Income/Expenses/Financing: Click HERE for income, expenses and financing information pertaining to this property. |
List Of Property Buyer Benefit Read on Bottom of this page Contact Information
Contact Us About This Property This Property has been rehabbed under the guidelines outlined on the “Our Rehab Process” page of this site. Please click Here for more information regarding this innovative process. This property is being sold with all required property inspections from the City, Rental Assistance Agencies and Local Municipalities completed and passed.
Property Amenities:
Brand New Furnaces Brand New Hot Water Heaters New Plumbing Throughout Updated Electrical Refinished Hardwood Floors Brand New Carpet Freshly Painted Interior Original Woodwork Trim New Kitchen & Bath Floors Separate Utilities
Rental Information: Tenant just signed new one-year section-8 lease 3-BR Unit is rented for $435 month and the 2-BR Unit is rented for 350.00. Current Property Manager will stay on at New Owner’s request. Purchase Terms: This property can be purchased via an all-cash offer. Contact us for details. No Closing Costs. Management Info.: Click HERE for information on the Management team. This property has a clear title so rapid closing is available. $3,000 earnest deposit required for purchase after acceptance of the contract. For more information or to write a purchase offer, please E-mail us at your information including Telephone # : mel@buy-income-properties.com |
| Property Size | 6150.00 ft² | | Appartments | 2 | | Living Space | 2700.00 | | Year of Construction | 1910 | | Heating Type | Oil | | Floor(s) | 2 | | Price: | $ 42.390
| | Rent Income: | $ 785
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| Cable TV / Sat | :Yes | | Balcony | :Yes | | Garden | :Yes | | Garage | :Yes |
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| Price: $ 42.390 | Brokerage: 0 | | Rent Income $ 785 |
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| Gross Monthly Income | 6 Newton | | Monthly Rental Income Unit#1 | $435 | 55.41% | | Monthly Rental Income Unit#2 | $350 | 44.59% | | Total Income: | $785 | | | Monthly Expenses | | | | City and County Taxes: | $20 | 2.57% | | Insurance: | $28 | 3.52% | | Water: | $67 | 8.49% | | User Fee (Garbage) | $18 | 2.35% | | lawn / Snow | $15 | 1.91% | | Gas/Electric | Tenant Pays | | Maintenance (10%) | $79 | 10.00% | | Management (10% Rent) | Optional | | Total Monthly Expenses | $227 | 28.86% | | | | | | Cash Flow | | | List price | $56,520 | | | Cash Back at Closing | $14,130 | 25.00% | | Net Purchase Price | $42,390 | | | Finance Amount | =#N/A! | | | Mortgage Payment: | $0 | | | Monthly Cash Flow: | $558 | | | Yearly Cash Flow: | $6,702 | | | Annual Cash on Cash ROI: | 15.81% | | | Cap Rate: | 15.81% | | | Recoup your out of pocket cash in less than: | 5 Years | | | | | | | Additional Income | | | Tax Benefit from Depreciation Approx. | $617 | 1.45% | | Appreciation approx. 5% annually | $2,826 | 6.67% | | Total Realized Income (net cash flow+Depreciation+Appreciation) | $10,144 | 23.93% | | | | | | Property Info | | | SBL# | 112.38-4-40 | | DEED BOOK | 11139 | | | DEED PAGE | 3037 | | | FRONTAGE | 61.5 | | | DEPTH | 0 | | | SQUARE FT | 1720 | | | YEAR BUILT | 1910 | | | BED ROOMS | 5 | | | BATHS | 2 | |
Excell Sheet >> CLICK HERE TO OPEN or Download $14,130 Back at Closing Cash to You = Net Investment $42,390.00 Rock Solid Facts - 23.93% return on Investment cash on cash
- NO CLOSING COST
- One Year home warranty
- One Year management free
- One Year Rent Guaranteed
- One Year Tenant Guaranteed
- Instant Cash back at closing over $14,130.00
- Positive cash flow from day one
- Hud / Section-8 issued over 15,000 Vouchers
- Great management team to deal with tenants / maintenance
- Qualified Tenant
- This property will not require any of your work related involvement
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| Street, Nr. | Newton Street , 6 | | Zip Code | 14212 | | Town | Buffalo | | District | | | State | New York | | Country | United States Of America | |
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MEL Kim
Fax: Fax
mel@buy-income-properties.com
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Buffalo NY 6 Newton Street | 2 Family Newly Renovated
