Five apartment house Buffalo, Erie County, New York, USA 5 Bed Townhouse £46,795 | €53,037 | $58,500 Request a Currency Exchange Quote Here

This large five apartment building is a rare find at $58,500 and with a high net return of 30%.

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Basement, Off Street Parking

Lifestyle features

Suburban, Town
Property Description ID:27753252

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.

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