Ref: HS2498544

Duplex for sale in Buffalo, Western New York, United States

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USD $53,000 (approx. GBP £33,833)

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Property Details

Property: Duplex (Buy To Let)
Bedrooms: N/A
Bathrooms: N/A
Receptions: N/A

57 L, Buffalo, (USA) TWO UNIT PROPERTY

A FINE EXAMPLE OF A QUALITY PROPERTY IN A DESIRABLE AREA OF BUFFALO, WESTERN NEW YORK WHERE THE PROPERTY MARKET HAS NOT BEEN SUBJECT TO THE BOOM AND BUST EXPERIENCED IN MANY OTHER US STATES, MAKING IT IDEAL AS AN AFFORDABLE INVESTMENT. Rents gross $1300 per month. = 29% Gross Yield, (19% Net)

Features

SOLID WELL MAINTAINED PROPERTY IN A GOOD NEIGHBOURHOOD WITH REALISTIC PROSPECTS OF INCREASE IN VALUE, WITHOUT THE ASSOCIATED PROBLEMS FOUND WITH CHEAPER PROPERTIES IN PROBLEM NEIGHBOURHOODS.

Fully occupied 2 bedroom double in prime University of Buffalo student rental area. Flat roof replaced and new garage door 6/08. Spectacular hardwood floors throughout. Tenants pay own utilities.

DOWNSHIRE PROPERTY INVESTMENTS OFFER A FULL SET-UP SERVICE AND SUPPORT PACKAGE WITH THE PEACE OF MIND OF THE MOST PROFESSIONAL OF PROPERTY MANAGEMENT COMPANIES

* Electrical Fuses
* Lead Paint Hazards Unknown
* Natural Woodwork - Some
* Fully Fenced Yard
* Porch/Balcony(s)
* Vinyl
* Wood
* Part Attic
* Full Basement
* Concrete Driveway
* Near Bus Line
* Lotsize: 32x126
* Road Frontage: 64
* Forced Air

Unit 1

* Beds: 2
* Baths: 1
* Living Room: 14x14
* Dining Room: 13x11
* Kitchen: 15x13
* Bedroom 1: 10x9
* Bedroom 2: 10x9
* Type of Tenancy: Month to Month

Unit 2

* Beds: 2
* Baths: 1
* Living Room: 15x14
* Dining Room: 13x12
* Kitchen: 13x8
* Bedroom 1: 10x9
* Bedroom 2: 10x9
* Type of Tenancy: Leased

Location

City

Why Buffalo, New York?

* $4 Billion of investment in the redevelopment of the city
* Good prospects for steady growth
* Established and growing rental market
* 20% gross yields
* Buyers market
* Many properties discounted by as much as 15%

Western New York is one of the USA’s centres of high technology and research, and retail sales are a healthy and growing segment of the region's economy.

Of increasing importance to the area's economy are the University of Buffalo's two campuses in Buffalo and Amherst, which support more than 50 research centres, some of global importance. Buffalo is one of the most affordable areas in the country, leading Forbes.com to rank the city 7th in the nation in regard to cost of living. Housing costs in the city remain comparatively low for the northeast region. Some experts believe that a real estate market boom will take place within the next 20 years

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