taterhill Posted July 10, 2006 Share Posted July 10, 2006 I have a 2 unit in South Buffalo(nice dead end street on the border of West Seneca) and I am looking to sell it....anyone interested? Will be listed for $70k and some change...2 units are rented...$425 upstairs $450 downstairs....I figure I would ask here before I throw it to a realtor....PM if interested... Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted July 10, 2006 Share Posted July 10, 2006 I have a 2 unit in South Buffalo(nice dead end street on the border of West Seneca) and I am looking to sell it....anyone interested? Will be listed for $70k and some change...2 units are rented...$425 upstairs $450 downstairs....I figure I would ask here before I throw it to a realtor....PM if interested... 720733[/snapback] Holy Christ that's cheap. I'm tempted to be an absentee for that kind of price. Link to comment Share on other sites More sharing options...
Pete Posted July 10, 2006 Share Posted July 10, 2006 Holy Christ that's cheap. I'm tempted to be an absentee for that kind of price. 720752[/snapback] I hear you Link to comment Share on other sites More sharing options...
taterhill Posted July 10, 2006 Author Share Posted July 10, 2006 FWIW..the upstairs tenant is on section 8 rental assistance and the rent is direct deposited into my account...translation..no rent chasing...she is a 15 year tenant too Link to comment Share on other sites More sharing options...
stuckincincy Posted July 10, 2006 Share Posted July 10, 2006 FWIW..the upstairs tenant is on section 8 rental assistance and the rent is direct deposited into my account...translation..no rent chasing...she is a 15 year tenant too 720766[/snapback] So why are you selling out? What street? Link to comment Share on other sites More sharing options...
taterhill Posted July 10, 2006 Author Share Posted July 10, 2006 So why are you selling out? What street? 720784[/snapback] I am building a house in the next couple of months....Mt Vernon Ave 14210 Link to comment Share on other sites More sharing options...
smokinandjokin Posted July 10, 2006 Share Posted July 10, 2006 FWIW..the upstairs tenant is on section 8 rental assistance and the rent is direct deposited into my account...translation..no rent chasing...she is a 15 year tenant too 720766[/snapback] A 15-year tenant on rental assistance? Mmmmmmm mmmmmmmm! I'd hit it. You can talk South Buffalo chicks into anything.... Link to comment Share on other sites More sharing options...
stuckincincy Posted July 10, 2006 Share Posted July 10, 2006 I am building a house in the next couple of months....Mt Vernon Ave 14210 720795[/snapback] Hang onto that if you can. Use it to back a loan. The proximity to the park and I-90 could prove valuable. And as you say, you have a reliable tenant. Link to comment Share on other sites More sharing options...
taterhill Posted July 10, 2006 Author Share Posted July 10, 2006 A 15-year tenant on rental assistance? Mmmmmmm mmmmmmmm! I'd hit it. You can talk South Buffalo chicks into anything.... 720799[/snapback] 15 years in the house not 15 YO...sicky Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted July 10, 2006 Share Posted July 10, 2006 15 years in the house not 15 YO...sicky 720808[/snapback] What's the net profit /month? Link to comment Share on other sites More sharing options...
drnykterstein Posted July 10, 2006 Share Posted July 10, 2006 hm... 10500 per year in income... no idea what taxes/maintenance costs.. we'll assume half.. 5250 /year in profit? only 14 years to make that money back. Not a bad deal. To bad I'm too lazy to own/maintain a rental property. .. Someone correct my blind uneducated math. Link to comment Share on other sites More sharing options...
gmac17 Posted July 11, 2006 Share Posted July 11, 2006 $56,000 15 year mortgage (assuming 14k down, 6.15 percent) is $477 per month Link to comment Share on other sites More sharing options...
Recommended Posts