Building Number
Unit Number
Address
Bedroom / Bathroom
Rent
Building 1
Unit 1
211 Smith St (Lower Front)
3 Bed / 1 Bath
$550
Building 1
Unit 2
211 Smith St (Upper Front)
4 Bed / 1 Bath
$625
Building 2
Unit 3
211 Smith St (Lower Rear)
2 Bed / 1 Bath
$267
Building 2
Unit 4
211 Smith St (Upper Rear)
2 Bed / 1 Bath
$285
Building 3
Unit 5
213 Smith St
3 Bed / 1 Bath
$365
Parking Lot
215 Smith St
Total Monthly Rent
$2,092
 
 
Tax Totals for 211, 213, & 215
Bill Frequency
Amount Due
Yearly
County of Erie
Yearly
$261.80
$261.80
City
Half Yearly
$291.71
$583.42
Sewer Rent Charge
Yearly
$151.14
$151.14
User Fee (Trash Collection)
Quarterly
$110.81
$443.24
Flat Rate Water (UNLIMITED)
Quarterly
$388.73
$1,554.92
Total Expenses   $2,994.52
 
LET US SHOW YOU THE MATH  
Purchase price = $129,995
Yearly Income ( $2,092 x 12 ) = $25,104
Expenses as listed in above table = $2,994.52
Net Annual Income = $22,005.48
Divided by sales price of $129,995
This is a CONSERVATIVE 17% RETURN ON INVESTMENT WITH (2) 20+ YEAR TENANTS!
 
Our projections are based on current rent and exact 2007 taxes due the city of Buffalo and the county of Erie  
 

211 Smith St

213 Smith St

215 Smith St

3 Separate deeds

(2) Double Family Properties-Completely separate from each other

(1) Single Family House

For a total of 5 UNITS ( 3 Buildings )

ALL RIGHT NEXT DOOR TO EACHOTHER

Total Rent is $2,092 per Month
$25,104 per year

“Buy it Now” only $139,995

Included in the expenses above is UNLIMITED water usage. Fixed expenses No variation! Tenants pay their own Electric, Gas, Phone and Cable.

100% Free and Clear NO BACK TAXES OR LIENS OF ANY KIND!

You are bidding on the full purchase price of this Fully Rented 5 units (and a free parking lot) with 3 separate deeds ( 211, 213 & 215 Smith St )

All tenants pay their own: Electric, Gas, Phone, and Cable

 

  • Unit #1 211 Smith Lower FRONT Building 3 bedroom apartment brand new 1 year lease $550 per month

  • Unit #2 211 Smith Upper FRONT Building 4 Bedroom apartment brand new government lease for $625 per month.

  • Unit #3 211 Smith Lower REAR Building 2 bedroom apartment $285 per month 22 YEAR TENANT.

  • Unit #4 211 Smith Upper REAR Building 2 Bedroom apartment $267 per month 25 Year TENANT.

  • Unit #5 213 Smith 3 Bedroom SINGLE FAMILY HOME $365 per month 4 year tenant

PARKING LOT IS 215 Smith St fits 12+ cars and is FREE INCLUDED IN THIS SALE!

Total rent is $2,092 per month

FULLY LEASED
(2)over 20 YEAR TENANTS

ALREADY REMODELED!

ALREADY LEASED!

Now is the time to buy.   As the rest of the nation is decreasing in sales.  Buffalo is on the RISE increasing sales from last year!!!

More and more investors are turning to Cash flow properties as the speculation of huge appreciation Nationwide has disappeared!

 

Leased for $2,092 per month!
Brand New Refinished HARDWOOD TRIM AND POCKET DOORS

LIBRARY STYLE PANELING ALL REAL WOOD BUILT WITH THE ORIGINAL HOUSE

Stained Glass windows

Brand New Pergo in Kitchens

Brand New Pergo in Bathrooms

Brand New Interior Paint

Remodeled Kitchens

Brand New Carpet Professionally installed

Circuit Breakers in all units

Remodeled Bathrooms

Excellent condition Building fully leased 2 tenants over 20 years.

Forced Air natural gas heating

 

Collect rent from day 1 with this remodeled and leased property.

 

This is your chance to get a remodeled 3 bedroom single family home LEASED for $2,092 per month for only $129,995 opening bid.  $139,995 “buy it now” price.

 

CASH COW!! Buffalo NY is one of the highest cash flow cities in the Country for Landlords. Let the tenants in this property produce cash flow for you each month.
There is no better way to build wealth than Real Estate! This is a great start to financial freedom!
Building wealth in Real Estate is a long process, let Kenhill Properties help you build a nest egg that will produce income for years to come.
As appreciation in Real Estate is becoming more of a GAMBLE, Investors are FLOCKING TO BUFFALO BECAUSE OF THE HIGH CASH FLOW RENTAL PROPERTIES!!!

This is a high demand rental area of buffalo. This property was leased to a high quality prescreened tenant.

Collect immediate rent!

No need to worry about a vacant property in need of 10’s of thousands in repairs.  This property has already been remodeled and leased!!

  

THE RETURN ON INVESTMENT IS CONSERVATIVE AND STILL TREMENDOUS. PLEASE SEE BELOW, AS I HAVE ACTUAL EXPENSES PAID FOR 2007. THESE ARE NOT ESTIMATES! THE RETURN ON INVESTMENT IS A CONSERVATIVE 17% PER YEAR RETURN

These are actual taxes and city fees for 2008

Not examples - all are paid
 
  • Stained Glass windows
  • Brand New Pergo in Kitchens
  • Brand New Pergo in Bathrooms
  • Brand New Interior Paint
  • Remodeled Kitchens
  • Brand New Carpet Professionally installed
  • Circuit breakers in all units
  • Remodeled bathrooms
  • Excellent condition building fully leased 2 tenants over 20 years
  • Forced air natural gas heating
 
   
 
We like to be as up front as possible with our investors and include all the taxes charged by the city of Buffalo and County of Erie in a given year.
The exact amount paid to the city of Buffalo and County of Erie for the year of 2008 was $2,994.52
Included in that $2,994.52 paid annually is your trash collection cost, sewer rent, City, and County tax AND UNLIMITED WATER.

Keep in mind the tenants pay for their own gas, electricity, phone, and cable. Before bidding on any property, ask the seller to give you exact expenses. You will find most sellers would not even know where to find this information. Most have never even been to Buffalo.

We are experts in Buffalo real estate

All properties owned by Kenhill Properties Inc. have gone through a thorough review process before being carefully selected for purchase.

PLEASE READ THE TERMS. THIS IS A CASH ONLY SALE. THERE WILL BE NO TIME TO ALLOW FOR FINANCING. I HAVE PROVIDED ALL INFORMATION TO HELP THE BUYER REACH AN EDUCATED DECISION PRIOR TO BIDDING.
Most properties listed by Kenhill Properties, Inc. have already been completely rehabbed and are leased with full security deposits, or are completely rented prior to our sale. . If you are looking for quality properties with quality tenants, look no further. If you want a piece of junk that requires 10's of thousands in repairs - bid elsewhere!!!
This property is already rented to 5 "five-star" tenants!

We are "Real" Real Estate Investors who buy, sell, and invest in this area. We are not a fly-by-night company looking to make quick money on properties that we have never seen or visited in person. Many of our competitors claim to be wholesaling properties, but in reality they are just selling junk homes that we would never even take for free!

Kenhill Properties is based here in Western New York and we are experts in Buffalo Real Estate.
Collect $2,092 in rent from day one

There are many local property managers that I can refer you to that can manage this property for you. This property is available for showing at your convenience.

This house is located in close proximity to our office. We can be there in a moments notice!

WE ARE YOUR ONE-STOP SHOP

We will guide you through the process of successfully making money on rental property. Kenhill Properties owns hundreds of thousands in Buffalo Real Estate.

It is very possible for tenants to stay 10 or more years, we can prove it with our rental portfolio. We have one tenant living in one of our properties for over 20 YEARS so far!!! Many stay 5+ years if they can rent a nice house.

We encourage phone calls and emails prior to bidding, or if you wish to ask your question to a real person, please feel free to contact me with the information provided on the link below.