Five bedroom house Niagara Falls, Niagara County, New York, USA 5 Bed Townhouse £47,429 | €51,788 | $57,500 Request a Currency Exchange Quote Here

This large five bedroom house is a rare find at $57,500 and all three apartments tenanted.

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Property Attributes

Building Characteristics

Triplex, Detatched

Property Features

Garden, Basement, Off Street Parking

Lifestyle features

Suburban, Town
Property Description ID:28380538

This is a rare opportunity to purchase a huge brick multi-family home in New York State. Triplex multi-family homes do not come on the market very often in New York State especially ones made out of brick.On the ground floor you have a large two bedroom apartment, then upstairs you have another two bedroom apartment plus a one bedroom apartment, all three apartments are currently occupied by new tenants. This property was only recently updated, the work was carried out by one of the largest builders in Niagara Falls. This house is already under management by one of the leading Niagara Falls management companies.

This property is located in Zip Code 14303, which is a very desirable area in Niagara Falls. It is very close to the Hyde Park Municipal Golf Course which is the main golf course in Niagara, it is also close to great schools and colleges.

 

Investment Details

 

Purchase price: $57,500

Gross annual rental income: $16,140

Property running costs: $4,974
(Tax, insurance and management costs)

Net annual rental income: $11,166

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

Return on investment: 20%

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