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Home > For Sale > Multi-Family Fourplex(4 units)
Listing ID: 5097
FOUR FAMILY BRICK FORECLOSURE SALE $29000 For Sale We can finance it! Property Description 579 EAST DELAVAN AVENUE IS A 4 FAMILY BRICK 1/3/1/3. IT HAS TWO FLOORS, CORNER PROPERTY. YOU HAVE SEEN THIS I BELIEVE. AT THE TIME I WAS LOOKING SOMEWHERE AROUNG 55K HAD A FEW BUYERS WHO FELL OUT OF CONTRACT DUE TO THEIR WANNA BE CREATIVE FINANCING. HOUSE NEEDS ABOUT 3K IN WORK. THE STORY IS I HAD IT FULLY OCCUPIED THEN I HAD 2 MOVE OUTS. CURRENTLY 1 TENANT LOWER 13 YEARS I BELIEVE PAYS 300 MONTHLY RELIGIOUSLY NICE GUY. COLLEGE KID IN THE FRONT LOWER DOING US BOTH A FAVOR HE IS SPRUCING UP THE HOUSE AND I AM GIVING HIM LODGING SO HE CAN FINISH SCHOOL ITS TEMPORARY WORKS AT UNIVERSITY. BRICK, NO MOLD OR ROOF ISSUES. BE SELECTIVE IN YOUR RENTING SEC 8 ONLY AND THE HOUSE WILL BE YOUR 5TH GENERATIONS GRANDCHILDRENS PROPERTY COLLECT $1500 A MONTH AFTER REVAMPING THE RENT ROLL TO: Unit information: 1 Bedroom upper can rent for $325 3 Bedroom upper can rent for $450 1 Bedroom lower can rent for $325 3 Bedroom lower can rent for $450 Multiply by 12 months???????$18,600/yr collected gross rent Subtract from gross rents: Taxes: (approx.)??????????.$1,327 Insurance (approx) @50K INSURED????????.. $600/yr Water and sewer?????????. $500 YEAR METERED Trash pickup (approx)??????. $273 Maintenance and repairs (estimate)?$ NONE NECESSARY AFTER YOU RENOVATE Electric is (approx) $600 yrly 10% management fee????????OPTIONAL I DONT USE IT, AS ALL RENT IS MAILED. TENANTS PAY THEIR OWN UTILITES!!! EQUALS:??????????????..$14,700/yr net profit. You can email me questions at lazarusrealty I use aol. That?s a net profit of $147,000.00 over ten years?A solid investment. For houses to triple in worth it takes usually 30 years. In this way you will MAKE 5 TIMES your money in ten years. Also, be able to sell the property and gain even more. Contact Information Contact person: WILLIAM Seller type: Other Owner Finance: No MLS: Phone: Log in to view Address: Log in to view City: Buffalo State/Province: Zip/Postal Code: 14211 Country: User Listings: Show All Ads by this member Listing Information Type: Fourplex Listing Status: For Sale Price: 29000 Bedrooms: 8 Bathrooms: 4 Stories: 2 Square Feet: 4560 Lot Size: 2280 Age of Home: Additional Feature: Appliances: Benefits: Planning to Sell or Buy a Home? Compare REALTORS® First. It's Fast and Free! FOUR FAMILY BRICK MONEY MAKER