52 Melville Street, Rochester, NY
I have added a new category called Available properties. You can go there and see investment properties that are available for purchase. Below is a sample of the kind of property that is available.
50 – 52 MELVILLE STREET, ROCHESTER, NY
Duplex with excellent income potential!
Purchase Price: $54,900 U.S.
Lot Size: 66 x 85ft.
Square Footage: 1923
Assessed Value: $46,000
Rent: $650 up & $615 down / month
Rooms: 12 (6 up and 6 down)
Bedrooms:6 (3 up and 3 down)
Maintenance: $101 / month**
Water: $30 / month**
Baths: 2 (1 up and 1 down)
Insurance: $35 / month**
Heating: Forced Air HE Furnace
property Management: $126.50 / month
taxes: $210 / month for 08/09
Utilities: Paid by Tenant (Separate)
Vacancy Rate 8%: $101.20 / month**
** Please note amounts are approximations**
Annual Net Operation income (NOI) = $7,935.60**
CAP Rate = 14%
Start earning income right away!! This fabulous turn-key duplex has had extensive renovations with a Certificate of Occupancy featuring fresh paint, new roof and many other upgrades. Both units are currently rented to new tenants.
Why Invest in Rochester, NY? investment Real Estate in Rochester offers an exceptional opportunity to acquire reasonably priced housing in a region with high rental demand. Most investment areas offer reasonably priced housing many investment regions offer exceptional rental demands. Rochester, NY offers investors both reasonably priced housing and high rental income, making Rochester a unique market for an investor to build a high yield portfolio. Most investment opportunities generate the initial down payments in the first eighteen months. While the nation experienced a bubble burst, Rochester, NY steadily experienced a 3% increase in appreciation
At the time of writing this post, this property is still available.
If you are interested in this property, or you would like to be put on a mailing list of properties that are available, please leave you’re contact information in the comments section. You’re email address will not be displayed publicly. Or you can send you’re contact information (name, email ) to manager@realestateinvestingfacts.com
Serious inquires only please.
Hans Anderson
76 Woodward Street Rochester NY
The article is usefull for me. I’ll be coming back to your blog.
Thanks for your inquiry into properties in the Rochester and Buffalo area if you would like to send your contact information to Click Here to Email Your Contact Information
Hans
Am interested in buying rented duplexes that do not need any renovation. Interested in owner financing if possible. If not I need referral to mortage broker. I alreadly own two duplexes in Buffalo and am committed to buying two more, one in Rochester and one in Buffalo. I eventually want to own ten in the Buffalo/Rochester area.
Thanks for your help,
Don McEdwards