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Property Description
The Property: This consists of three fully rented and managed apartments with 2 X 3 & 1 X1 bedroom apartments
Location: The property is situated in the favored north-side of Syracuse about half a mile to the north of the city center a mile to the East of the main shopping mall the carousel center and a mile and a half to the north of Syracuse University the city’s largest employer
Condition: This is a new listing and we have not inspected the property yet so if you are interested we will inspect for you contact us today but we have been told by the listing agent that the property is in good condition throughout.
Occupancy rate: High, due to the type of property there will always be a demand and it would be easy to find replacement tenants if needed, there is a high demand for three bedroom apartments.
Tenanted: Yes.
Management of this property: A full management service will be provided with this property.
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The Property
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Living room
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Living room
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Kitchen
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Bedroom
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Bathroom
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Why buy in Syracuse?
CNN Money says this about Syracuse; 2011 CNN Story... Syracuse is 3rd in affordable housing.
Despite global property market slumps, stock market crashes and government bailing out of banks, Syracuse property prices are holding firm. Seeing a slight increase last year, Syracuse is listed in 2011 by CNN Money as the third most affordable place to live and work in the USA. This vibrant city, which remains the fifth most highly populated in New York State, is situated about 250 miles (downtown Syracuse to downtown New York) to the North-West of New York City. Assets include the city’s own Airport, Hancock International, and the large and well-respected Syracuse University which boasts a three-hundred acre campus. This impressive university is the city’s biggest employer, housing teaching hospitals which specialize in fields such as Bio-Technology and Pharmaceuticals. These industries have been attracted to the city since the 1980’s, which has resulted in a much lower unemployment / higher employment rate than the national average. With about 65% of inhabitants choosing to rent in Syracuse, there is a very high demand for rental properties and, along with the city’s additional assets; Syracuse has proven itself an excellent area to invest in.
The Service we provide
American Dream Investments (ADI) specialize in sourcing high yield income properties in the area of Syracuse, Onondaga County, NY State, USA, for investors who are seeking a truly bespoke service tailor made to their individual requirements.
The company takes pride in offering properties that produce an annual income of approximately up to 20% net, after fixed running costs have been deducted. The properties are situated in good locations with high rental demand and are offered at the lowest possible negotiated price.
Thank you for showing an interest in our investment property and we very much look forward to you contacting us in the future.
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