Price is $45,000. Needs rehab. The building is a 4 family with three 3 bedroom units and one 2 bedroom. Common entrance with enclosed porches in the back that have stairs that lead down to the back yard. The unit is vacant and not inhabitable. The locals broke in and stole all the copper out of the walls. I am getting quotes on restoring the plumbing and restoring the apartments to rentable condition. My estimate is $40K. Rents in this are should be $500-600/month. This building cash flows.
$2000/month rental income
($550)/month debt service based on $85K
($330)/month taxes
$1120
[I challenge every NYREIA member to do ONE DEAL in the next 90 days! - Bob Eberle]
Investor Special ! $ 59,700.00 28 Congress St. Cohoes NY .
Single Family, 4 Bedroom, 2 Full Bath , Private Back Yard, With Deck.
New 200 Amp Service, Freshly Painted, New Rugs and Kitchen Linoleum
New Section 8 Tenant Sept 01, 2008 at $900.00 Month, Tenant Pays Utilities
Call: Jeff Bethon 518-225-2987
J.B real Estate Solutions, LLC
Property in Whitehall , NY that is in pre-foreclosure. This is a 3 Bedroom 1 Bath home on a cement crawl space. 1060 sf on 1.72 acres. Built in 2000. The owner owes $126K and the bank, Wells Fargo, is willing to short sale it. We are looking to get a finder’s fee if they end up purchasing it. Have them see us at tonight’s meeting.
TESTIMONIAL:
"The New format for the meetings looks great!
You guys are really doing a great job." Donna
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