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REF ADI 1 $1,650 gross income per month when fully rented.
Can be bought for cash or with finance option (tax sale, see notes).
THREE rental apartments & a shop/store in one substantial house 2X3 bedroom, & 1X1 bedroom $1,650 gross income per month when fully rented, been vacant & needs re-commissioning to a rent ready standard with a new certificate of compliance from the city this is included in the price then the management company will source the new tenants.
=Tax sale property, will be bought up to rent ready standard, see notes
=Will be tenanted for the new owner.
=Cash price $37,000 / £23,125/ €28,461 Inc renovation work
Price (est) with tax repayment scheme $24,000 / £15,000/ €18,461
Will be tenanted once renovation work is complete
=Gross annual return when fully let: 53%*
=Net annual return, after fixed running costs: 36%*
=Substantial rental property in =favored rental location
=Providing 2 x 3 & 1 x 1 bed apartments & small shop/storage
Key features
• Price (EST) with tax repayment scheme $24,000 / £15,000/ €18,461 Inc renovation costs.
• Cash price $37,000 / £23,125/ €28,461 Inc renovation costs.
• Gross annual return when fully let $19,900/£12,237/€15,307 53%
• Net annual return after fixed running costs $13,203/£8,251/€10,156 %
• Renovated to a rent ready standard for the new owner within the purchase price.
• And will receive a new be Certificate of compliance from the city
• Substantial property in a favored rental location.
• Situated on corner plot, $60,000 assessed value
• Providing 2 x 3 & 1 x 1 bedroom apartments + shop/store.
• Full management & purchase service provided
Financial details
Achievable rent roll $600 + $600 + $450
Net rental yield when fully let and after fixed annual running costs
($19,800 – less running costs; $1,980 management, $1,500 water and insurance, $3,117 property taxes=$13,203)
Gross rental income; $1,650 / £1,031 / €1,269 per month
Net rental income; $1,110 / £693 / €846 per month
Buying expenses
*The all-inclusive purchase costs for this property are $4,000.You could own this property for the all in cash price of $41,000 and not a cent more, approximately £25,625/ €31,138 or on the tax repayment scheme $28,000/£17,500/ €21,538 with all buying, legal fees & commissions paid.
We will have the property surveyed and a full management report prepared for you on the property, THERE ARE NO HIDDEN EXTRAS, ALL THIS IS INCLUDED IN THIS PRICE.

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