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New York Investment Property Fully Rented! - Income Property!

CAD 10,092.32 14 Bids or $69,995.00 Buy It Now Unsold, eBay Money Back Guarantee: Get the item you ordered, or your money back!

Seller: kenviewgroupllc (0) 0%, Location: Buffalo, New York, Ships to: Free Local Pickup, Item: 262798907125 42 Carl_1 The Buffalo housing market boasts a median home price of $134,900. Current values are the result of a 9.1% increase 42 Carl St, Buffalo NY 14215 DUPLEX Currently Operting as Single Family Rental Already Leased - New Lease signed August CASH COW GENERATING $850 PER MONTH Can Be Coverted Back to Full Duplex For Even More Cash Flow Do your research and you will see that Buffalo NY is on the rise and the future of the city is brighter than in the last 10 years. Lots of Brand New Development in The Area. Collect rent from day 1 with this remodeled and leased property. Total 4 Bedrooms - 2 Up & 2 Down *** Winning Buyer Will Receive 6 months FREE Coaching (a $25,000 Value) on Developing Your Real Estate Empire in Single and MultiFamily Properties *** New Roof (4 Years), New High Efficiency Furnace (4 Years), New Hot Water Tank (4 Years), New Windows and Flooring (1 Year) This is your chance to get a remodeled 4 bedroom 1,895 SQ FT Single Family LEASED for $850 per month for only $69,995 (buy it now) Payment Due Payment Cycle Payment Amount Annual Total County Tax 12 Months $118.97 $118.97 City Tax 12 Months $357.69 $357.69 Sewer Rent Tax 12 Months $33.06 $33.06 Public User Fee 12 Months $221.62 $221.62 Water and Sewer Fees 12 Months 986.82 $986.82 Insurance 12 Months $647.00 $647.00 Annual Grand Total $2,365.16 Buy it now price = $59,995 Yearly Income ( $850 x 12 ) = $10,200 Expenses as listed in above table = $2,365.16 Net Annual Income = $7,834.84 Less Property Management fee of approx $1,020 NET INCOME AFTER MANAGEMENT FEE $6,844. Divided by buy it now price of $59,995 11.4% IMMEDIATE RETURN ON INVESTMENT! (CAP RATE) Six Months Continued Management Fee Will Be Paid For You To Provide Business Continuity THE RETURN ON INVESTMENT IS CONSERVATIVE AND STILL TREMENDOUS. THESE TAXES AND FEES ARE ARE NOT ESTIMATES THEY ARE TAKEN FROM THE ACTUAL CITY/COUNTY WEBSITES! THE RETURN ON INVESTMENT IS AN ESTIMATED 11.4% PER YEAR RETURN AFTER ALL TAXES , SEWER FEES, TRASH, PROPERTY MANAGEMENT FEES. These are actual taxes and city fees for 2016 Not examples - all are paid Value Play Available by Conversion Back to Duplex and Increasing Total Rental Income Check Erie County Taxes here- all 100% paid through 2016 Check City of Buffalo Taxes here - all 100% paid through 2016 Additional Terms of Service Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information. We have done our best to describe this property but the house is sold as is with no warranties expressed or implied. Entire funds to be transferred within 3 working days or sooner via wire transfer, money order, cash or bank check only. You will also need to include $995 to cover the closing costs and paperwork transfers. Once full funds are received ( bid price + NO buyers premium + $995 for closing costs) The deed will be recorded into the buyers name. You will have proof of ownership within 1 business days of the funds clearing our bank. FREE AND CLEAR TITLE. NO LIENS OR BACK TAXES OF ANY KIND. THE BUY IT NOW OPTION IS ONLY VALID UNTIL A BID IS PLACED. ONCE A BID IS PLACED THE PROPERTY WILL BE SOLD TO THE HIGHEST BIDDER EVEN IF THE PRICE EXCEEDS THE ORIGINAL "BUY IT NOW" PRICE. All information is deemed reliable but not guaranteed. Please feel free to inspect this property anytime prior to auction close with 24 hours notice required. All inspections are conducted BEFORE the close of the auction only. Cash Sale only. This is an "As Is" sale no warranties expressed or implied. Inspection Details We allow Inspections prior to bidding! If you require an inspection, it must be done prior to auction end and prior to bidding on the property. Click the link at the top that says "ask seller a question". If you would like to see the property prior to bidding. As phone numbers are not permitted to be posted on listings. Condition: Many Upgrades and Well Maintained, Property Address: 42 Carl St, Seller State of Residence: New York, State/Province: New York, City: Buffalo, Number of Bedrooms: 4, Number of Bathrooms: 2, Property Type: House, Sale Type: Existing Homes, Setting: Urban, City, Year Built: 1920, Square Footage: 1895, For Sale by: Owner

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