These properties are all located in Buffalo, NY
If interested, please reply to [EMAIL PROTECTED] View pictures at http://www.pbase.com/riverstonerealtyllc This Package has been put together and priced at $89,000/firm. This package has been under contract twice so far and both have fallen through due to financing issues, if you need to get financed to make this purchase please make sure you qualify ahead of time. The numbers speak for themselves. This would be a great starter investment portfolio or a good addition to any existing one. Rents total $3,325/mo, annual income after taxes is $36,073.15. This package will pay for itself in 2.52yrs after all taxes. All of the units in these properties are currently rented, these are the actual numbers. The properties are all in decent condition and require no major repairs. Property inspections have been performed on all 5 houses as of mid january '08. My associate only acquires properties that are turnkey and require minimal work to make them rentable i.e. a broken window, paint on the walls, remove or replace the carpet, replace hot water tank, nothing major. Recent work done is as follows. 353 Woodlawn has a new roof, the floors were sanded and refinished, new plumbing with Pex system, new light fixtures, new toilets. 154 Goemble has had no repairs needed lately. 688 Riley has a new roof, relatively new carpets, new paint, hot water tanks are 6-7 yrs old. 85 Girard has had its gas lines leak tested and repaired. We designed this package specifically for investors that want tenant occupied properties with minimal hassle. If you are looking for a property manager, my associate(current owner) of these properties is willing to manage them for you as he is already doing that now. He lives close to all of his properties and does property management for investors from CA and NJ as well as his own. His rate is 10% of the rent for each property. Here are the numbers for these properties. We will split the package to sell individual properties if your a cash buyer. Feel free to call or e-mail me, contact information provided at the bottom of this posting. Address: 353 Woodlawn Units: 2 Kitchens: 2 Bathrooms: 2 Bedrooms: 6 Price: $22,000 Rents: $750/mo or $9,000/yr Taxes: $781.95 ROI: 2.49yrs after taxes Address: 154 Goembel Units: 2 Kitchens: 2 Bathrooms: 2 Bedrooms: 4 Price: $22,000 Rents: $750/mo or $9,000/yr Taxes: $829.98 ROI: 2.69yrs after taxes Address: 688 Riley Units: 2 Kitchens: 2 Bathrooms: 2 Bedrooms: 6 Price: $22,000 Rents: $750/mo or $9,000/yr Taxes: $1022.08 ROI: 2.76yrs after taxes Address: 85 Girard(2 houses) Units: 3 Kitchens: 3 Bathrooms: 3 Bedrooms: 8 Price: $23,000 Rents: $1,075/mo or $12,900/yr Taxes: $1192.84 ROI: 1.96yrs after taxes Richard L. Tandy II Riverstone Realty LLC (585)820-1397 [EMAIL PROTECTED] ____________________________________________________________________________________ Be a better friend, newshound, and know-it-all with Yahoo! Mobile. Try it now. http://mobile.yahoo.com/;_ylt=Ahu06i62sR8HDtDypao8Wcj9tAcJ
