Four bedroom house Buffalo, Erie County, New York, USA 4 Bed Townhouse £64,580 | €71,396 | $79,000 Request a Currency Exchange Quote Here

This large four bedroom house is a rare find at only $79,000 for two apartments.

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking

Lifestyle features

Suburban, Town
Property Description ID:29076341

This is a unique opportunity to purchase a large two apartment multi-family home in Buffalo New York in Riverside Park, one of the best areas in Buffalo. This property has been updated throughout by one of the leading Buffalo building companies. On the ground floor you have a large two bedroom apartment, then upstairs you have another large two bedroom apartment, both apartments are tenant occupied by great tenants paying a total of $15,600 rent a year. This property is under management by one of the leading Buffalo property management companies.

This property is located in Riverside Park which is a great family area in Buffalo. The location of this property is perfect for long term renting as it is close to the main river leisure facilities for Buffalo and also just a very short distance from Downtown Buffalo.

 

Investment Details

Purchase price: $79,000

Gross annual rental income: $15,600

Property running costs: $4,724
(Tax, insurance and management costs)

Net annual rental income: $10,876

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 14%

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