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Duplex in Buffalo, New York

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155 Trowbridge St

Buffalo, NY 14220

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$29,900 $125*
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Contact this seller Duplex 4 2 1800 Erie GJA4946



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Highlights and Description

IMPORTANT!
SERIOUS INVESTORS ONLY!
I have no time to spend showing the property to onlookers and lowballers - I respect my tenants right to peace and privacy. I also can not guide you through purchase/investment process and I do not provide financing. 
This home has been FULLY renovated in 2011 (see below). There are tenants in place. One is a Sec8 tenant with government paying 450 per month.  The other is a market tenant paying 475 per month.  Average comps in the area are 50-60K for older, unrenovated homes. At asking price, this fully renovated home is a BARGAIN. 
You have 2 options:
(1)  Present proof of funds or preapproval commitment, submit your OFFER,  put down a $500 (five hundred dollars) good faith deposit and enter into a contract to purchase the property if offer is accepted. Purchase contract will give you standard time to perform an inspection. Any significant defects will allow you to walk away with your deposit (there are none). If you change your mind for any other reason, I keep the deposit. No games here. Feel free to drive by, but no going into property without signed contract.
(2) Pay $100 dollars nonrefundable to compensate tenants and property manager for inconvenience of showing you the property. If you buy it, I will deduct $100 from purchase price.

FULLY RENOVATED, and RENTED!!!  Better than almost anything on the market - all new plumbing, electric, heating, appliances, kitchens, floors, walls replaced.
Painted exterior - looks beautiful.
Perfectly good structure - no roof issues, soft spots, angled floors, etc.
BBB A+ rated professional property management in place.
$475 and $450 per month plus tenants pay all utilities except water/sewer.
Excellent area.
Huge cash flow opportunity.
Taxes and Water/Sewer around $1000 per year.
Income $11,100 per year.
With a 25% downpayment and 30yr mortgage at 5%, you are talking close to 50% Cap Rate (annual return on your cash invested)
Contact me, the owner, at 917-306-7715.
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 * Est. payment based on 20% down and a 30-year fixed rate mortgage of 4.75%

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December 15, 2011

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Now is the time to plan your 2012 campaign to sell your home starting with these five key steps....

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