Ref: HS2518154

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

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USD $41,900 (approx. GBP £26,605)

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Property Details

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

109 A, Buffalo (USA) TWO UNIT PROPERTY

ANOTHER 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 $1000 per month. = 29% Gross Yield, (18% Net)

Features

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

3 beds in each of the two units. New water main from curb to house. Fully tenanted grossing $1000/mt($12,000/yr) Tenants pay own utilities. Each unit has had new flooring and fresh paint for current tenants. Great area, great tenants and still grossing 29% yield.

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

Property Features

* Copper Plumbing - Some
* Lead Paint Hazards Unknown
* Natural Woodwork - Some
* Partially Fenced Yard
* Porch/Balcony(s)
* Aluminum
* Full Attic
* Full Basement
* No Driveway
* Lotsize: 30x128
* Road Frontage: 30
* Forced Air

Unit 1

* Beds: 3
* Baths: 1
* Living Room: 12x11
* Kitchen: 14x8
* Bedroom 1: 21x8
* Bedroom 2: 9x8
* Bedroom 3: 10x9
* Type of Tenancy: Month to Month

Unit 2

* Beds: 3
* Baths: 1
* Living Room: 16x11
* Dining Room: 14x13
* Kitchen: 13x11
* Bedroom 1: 10x8
* Bedroom 2: 10x9
* Bedroom 3: 10x9
* Type of Tenancy: Month to Month

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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