This is a unique opportunity to purchase a large two apartment multi-family home in Niagara Falls New York, close to the famous Hyde Park Golf Course. This property has been updated throughout by one of the leading Niagara Falls building companies. On the ground floor you have a large three bedroom apartment, then upstairs you have another large three bedroom apartment, both apartments are tenant occupied. This property is under management by one of the leading Niagara Falls property management companies.
This property is located in Zip Code 14301, which is a good 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.
Purchase price: $41,500
Gross annual rental income: $10,800
Property running costs: $3,628
(Tax, insurance and management costs)
Net annual rental income: $7,172
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%