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Wholesale 4 Unit Apartment Building

add to favorites Rooms 7 Bedrooms  ,

284

hot status
Buying Investment Property In Rochester NY?
$ 39,000 Annual Rent
Bedrooms: 7
Bathrooms: 4
Property Size: 0 ft2
Lot Size: 0 ft2
Property type:
Zip Code: 14608
Stories number: 1
Property ID:
Property Status: hot status

Property Features

fireplace
washer and dryer
laundry

This property has 4 Apartments. The address is 50 Saratoga Ave. There is a Current CofO with no outstanding Violations.  3 of the four Apartments are Fully occupied & TENANTS ARE ALL CURRENT ON THEIR RENT. The details are as follows:

Apt #1 – 1 Bdrm

  • Tenant recently moved. New Tenant move-in 9/1/17.
  • Rent $550 plus tenant pays own utilities.
  • 1 Bed Rooms
  • 1 Bath
  • Living Room
  • Kitchen

Apt #2 – 2 Bdrm

  • Christian Men’s Shared Home (Non-smoking, Alcohol Free & Drug Free Environment)
  • 2 Men Occupy the Apartment
  • Rent $880 all paid by Government. Rent Sent directly to landlord.
  • 2 Bed Rooms
  • 1 bath,
  • Eat-in Kitchen
  • Fully Furnished, beds, Living room & Kitchen. Landlord pays utilities.

 Apt #3 – 3 Bdrm

  • Christian Men’s Shared Home (Non-smoking, Alcohol Free & Drug Free Environment)
  • 3 Men Occupy the Apartment
  • Rent $1,320 all paid by Government. Rent Sent directly to landlord.
  • 3 Bed Rooms
  • 1 bath,
  • Eat-in Kitchen
  • Fully Furnished, Beds, Living room & Kitchen. Landlord pays utilities.

Apt #4 – 1 Bdrm

  • Tenant has been there for 10 years.
  • Rent $500 plus tenant pays own utilities. (Rent should be $550-$725)
  • 1 Bed Room
  • 1 Bath room
  • Living Room
  • Eat-in Kitchen

The other good things are:

  • Exterior is Maintenance free Brick & Vinyl Siding;
  • New 30 Yr. Architectural Roof;

 

This Property Is A Steal

I Am currently selling this property for 
$114,997 with owner financing 
-or- 
$99,997 All Cash ($15k DISCOUNT!!!)

** When Paying All Cash: Your Positive Cash Flow would be $26,601 & your Net Return on Investment would be 26.6%.

** When Using Seller Financing: Your Positive Cash Flow would be $12,670. Your Cash on Cash Return on Investment would be 28.2% . (Based on a $45k Down Payment), After the Tax Payment agreement is completely paid in about a yr.  The positive cash flow under the Seller Finance option will go up $6,100!!!

Excellent Returns!!!

The terms of the owner financing are as follows:

*Down Payment: $45K
*Amount Financed: $29,997K
*Monthly Payment P&I: $371.92 
*Amort: 10 yrs. 
*Term: 5 yrs with possible 1 yr. Extensions. 
*Interest Rate: 8.5%.

We are taking applications for the purchase of the property. We will be selecting the applicant who can afford the property & who has the ability to take care of the property. Although the financing approval will not be credit based, we may require an updated credit report.

Anyone who has all cash goes to the top of the list. 

Anyone who can close quickly (7-14 days) Will Receive Additional Consideration With Pricing.
We need to give tenants 24 hrs notice prior to showing. You’re welcome to drive by first but Please do not disturb the tenants.

Please let me know what questions you have feel free to give me a call. This is a great investment for High Cash Flow rental. 

*WE MAY CONSIDER SELLING BUILDING TOGETHER WITH OTHER PROPERTIES WITH THE RIGHT OFFER.

More Info

Address: SARATOGA AVE, ROCHESTER, NY
City:
Area:
State/County: ,
Zip: 14608
Country: United States
Open In Google Maps
Property Id : 19153
Price: $ 39,000 Annual Rent
Bedrooms: 7
Bathrooms: 4
Structure Type: Brick
Floors No: 1

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