Description

THIS IS A TURNKEY RENTAL PROERTY WITH EXCELLENT INCOME. Great Tenant with 1yr lease. Address: 1346 Ashland Avenue, Niagara Falls, 14301 Cap Rate: 12 to 14 depending if you self manage or use a PM. Call Michael (Owner): (800) 276-9399 (24 hr recorded info & voice mail) **PROPERTY HAS AN EXCELLENT TENANT @$525/MO WITH 1YR LEASE. **3 Bed 1.5 bath home w/ a large reconditioned garage has been totally remodeled and is in move in condition** Address: 1346 Ashland Ave, Niagara Falls, NY 14301 Market Rents: House: $550/mo Garage: $75/mo (There is big demand for garage rentals) House: 1120 Sq ft Garage: 500 sq ft Lot: 3585sq ft Price: $34,900 GRM: 4.56 Rent sq/ft: 0.47/ft Debt Service Ratio: 1.33 (based on a 35k refi note at 8.25%) Overview: Niagara Falls is undergoing serious development and renovation. Including a new 26-story Casino opened early 2006. Plans for more area casinos / hotel / shopping center already in the works. In addition, a new state of the art heart transplant facility located in Downtown Niagara Falls is bringing in high paid professionals. Don’t miss out!! Neighborhood: House is located in a very good rental neighborhood. Owner owns several other area properties. Including others rental properties on Ashland. Many houses on this street have been recently updated and remodeled. We have an excellent tenant at $525/mo with a 1yr lease in place. Houses on all sides are in excellent condition. Great bread and butter investment. Run the numbers!! Seller has an excellent reference on a 24hr property repair/handyman/emergency service. We are motivated to sell!! Call Michael: (800) 276-9399

Owner Financing Details

Owners will consider owner financing with the right buyer. House will appraise for 50K