28 Fennimore Ave Buffalo NY 14215

4 Bedroom Single family home

Collect $750 Rent from day 1

ALREADY REMODELED!

ALREADY LEASED!

 

 

Now is the time to buy. Buffalo is on the RISE .

  Buffalo NY is in the top 10 FASTEST GROWING REAL ESTATE markets in the UNITED STATES at #5 Nationwide.  “The houseing tornado has passed Buffalo by”

Property is leased for 1 year. After the 1 year lease the agreement will automatically become a month to month agreement unless you wish to lock the tenant in for another year.

10 Months remain on a 12 month lease

Leased for $750 per month!

Full Security Deposit of $750 to be transfered to the new owner.

Property has just been remodeled and tenants have been there for about 2 1/2 months.

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

 

This is your chance to get a remodeled and LEASED property for only $49,995

 

Here are just a few of the major updates to this property

Updated Vinyl Siding

Updated Roof

All brand new carpet with padding and professional installation

 Remodeled Bathroom

Natural Wood Finishes restored

Updated electrical circuit breakers

Completely repainted interior

New Wood floors in Kitchen

Remodeled bathroom

The vinyl siding and the aluminum trim make the exterior maintenance free.

Heating and electric are both paid by the tenant.

Gas heating furnace

 

CASH COW!! BuffaloNY 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!
This property is alredy collecting rent each month.


As appreciation in Real Estate is becoming more of a GAMBLE, Investors are FLOCKING TO BUFFALO BECAUSE OF THE HIGH CASHFLOW RENTAL PROPERTIES!!!

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

The property was leased for $750 Per month collect immediate $9,000 per year in 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!!

28 Fennimore Buffalo NY

We work with the very best professionals in all aspects of property ownership:  Insurance, Management, Contractors and referals for whatever you may need.

We are looking to build long standing relationships, if you are thinking of investing in the NY area, we would be happy to help you build a successful portfolio.

ALL PROPERTIES ARE SOLD FOR CASH ONLY.  DUE TO OUR LOW PRICES THERE WILL BE NO TIME TO ALLOW FOR FINANCING. 

  
 

THE RETURN ON INVESTMENT IS CONSERVATIVE AND STILL TREMENDOUS. PLEASE SEE BELOW, AS I HAVE ACTUAL EXPENSES PAID FOR 2006. THESE ARE NOT ESTIMATES! THE RETURN ON INVESTMENT IS AN ACCURATE 15.3% PER YEAR RETURN

These are actual taxes and city fees for 2009

  
Bill Due
Bill Frequency
Amount Due
Yearly
County of Erie
Yearly
$228.04
$228.04
City of Buffalo Property Tax
Half Yearly
$443.99
$887.98
Sewer Rent Charge
Yearly
$79.08
$79.08
User Fee (Trash Collection)
Quarterly
$36.34
$145.36
Total Yearly Expense
-
-
$1,340.46
LET US SHOW YOU THE MATH
Purchase price = $49,995
Yearly Income ( $750 x 12 ) = $9,000
Expenses as listed in above table = $1,340.46
Net Annual Income = $7,659.54
Divided by sales price of $49,995
This is a CONSERVATIVE 15.3% RETURN ON INVESTMENT!
Our projections are based on current rent and exact 2009 taxes due the city of Buffalo and the county of Erie
 
 
  • 4 Bedroom Single Family home
  • Already Remodeled
  • Already Leased
  • Collect $750 Per month in rental income
  • 10 Months remain on a 1 year lease
  • Brand new carpet
  • Brand new paint
  • Updated electric
  • Updated Roof
  • Updated exterior siding
  • Updated exterior trim
  • Updated gutters
  • The house has been thoroughly remodeled inside as well
  
 
   
   
   
   
   
 
 
We like to be as up front as possible with our investors and include all fees and 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 2009 was $1,340.46
Included in that $1,340.46 paid annually is your trash collection cost, sewer rent, and county tax.

Keep in mind the tenant pays for their own gas, electricity, phone, and cable.

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. A small number of homes are wholesaled to investors looking to do their own remodels and saving money by coordinating their own rehabs. If you are looking for quality properties with quality tenants, look no further.
This property is already rented to a "five-star" tenant!

28 Fenimore Ave Buffalo NY 14215

Collect $750 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.

We will guide you through the process of successfully making money on rental property. We one many properties exactly like this one in this area.

It is very possible for tenants to stay 10 or more years, we can prove it with our rental portfolio.

We encourage phone calls and emails prior to bidding phone numbers are not permited on the listings but feel free to email.
Already Remodeled! Already Leased

Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information. Funds to be transferred within 3 working days or sooner via wire transfer, money order, cash or bank check only. You will also need to include $695 to cover the closing costs and paperwork transfers. Once the funds are received the transfer will be recorded in the erie county clerks office. This Property Sold "as is",no warranties expressed or implied. All information is deemed reliable but not guaranteed