These properties are located in Buffalo, NY
If interested, please reply to [EMAIL PROTECTED]
1st property is 159 Stochbridge, currently rented out for $750/mo,
tenant has been there for 4yrs. Rental income = $9,000/yr. Sq ft =
1344. Assessed for $48,000.
2nd property is 102 Erb, currently rented out for $705/mo, this
property is section 8. Rental income = $8,460/yr. Sq ft = 1201.
Assessed for $40,000.
3rd property is 64 Schreck, currently rented out for $475/mo, this
property is also section 8. Rental income = $5,700. Sq ft = 1392.
Assessed for $36,000.
Here are the annual expenses for the following properties:
WATER COUNTY TAX CITY TAX
159 Stockbridge $400.00 $200.55 $1314.38
64 Schreck $600.00 $163.65 $708.98
102 Erb $425.00 $140.55 $608.90
With all that taken into account, your annual positive cash flow will be
- All 3 properties are single family residences.
- all 3 properties are an 8 out of 10 for condition, section 8 inspects them
- asking price for package deal is $115k or best offer, make an offer.
Richard L. Tandy II
Riverstone Realty LLC
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