$42,000 Tenanted triplex with genuine 22.4% net yield

637 18th St, Niagara Falls, NY 14301 comprises a substantial brick built property constructed in 1900. It is a 3 family building with a one bedroom, a two bedroom and a 3 bedroom apartment all of which are recently newly tenanted at rents of $350, $400 and $450 per month respectively giving a total monthly income of $1,200. The property has been comprehensively refurbished including new roof, new electrical service for all 3 apartments, new…

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637 18th St, Niagara Falls, NY 14301 comprises a substantial brick built property constructed in 1900. It is a 3 family building with a one bedroom, a two bedroom and a 3 bedroom apartment all of which are recently newly tenanted at rents of $350, $400 and $450 per month respectively giving a total monthly income of $1,200.

The property has been comprehensively refurbished including new roof, new electrical service for all 3 apartments, new plumbning throughout including all drains and sewer line from street, 3 new water tanks, 3 new furnaces and much more. Interior photos are available upon request.

 

This is a great tenanted buy to let opportunity in the popular Little Italy neighbourhood less than 1 mile from the Niagara Water Falls, New Seneca Casino, Canada, etc. Across the street from a market, excellent shopping, restaurants, etc. Tenants prefer to rent in this area because it is within walking distane of everything including the business district.

Unlike many of our competitors, we take into acount all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:

Purchase Price:  $42,000

Buying Costs:   $2,500

TOTAL OUTLAY:  $44,500

 RENTAL INCOME:  $14,400 per annum

 OUTGOINGS:

 Taxes:             $1,100

Water:               $1,080

Insurance:        $800

Management:  $1,440

 

TOTAL OUTGOINGS:  $4,420

NET INCOME:   $9,980

THE NET YIELD IS THEREFORE A FANTASTIC 22.4%.

For further information or to reserve this property, please complete the enquiry form as soon as possible.