just read informative article by experienced Broker of 40 years-JIM TURANO* OCT. 9, 2018
Investing
with Real Estate Properties that give you a minimum of a 7% Cap rate of
return and in addition a greater growth of appreciation each and every
year. Many today are taking advantage of doing what is called a 1031
Exchange so they avoid paying taxes. Sellers buy a building higher in
value than the property they just sold to avoid paying taxes.
A guide to selecting the right property with less headaches, higher income, much higher yearly appreciation, and dealing with single business working people only. This is the ultimate selection or pick anyone could make.
Tenants with high paying jobs, high credit scores, and renting apartments on their own being single, with no pets, no children, no bicycles, no carriages, less noise in the building that you could hear a pin drop.
Advantages compared to many building that are for sale. This building is not 80 years old, with old sewer pipes, old plumbing, old electrical wiring, no lead paint potential, and was built in the late 1970’s. A large Residential of 7,060 Sq Ft. with 15 Apartments-OFF ELIOT AVENUE, and current INCOME of $261,000 DOLLARS.
There are 11 Large one bedroom and 4 studio apartments/ all tenants must have over 700 credit score and pay two months security with over 40x’s income of the rents. Location 85 street off Eliot Avenue in Middle Village, NY 11379. Steps to the trains on Woodhaven and Queens blvd.
Worth paying 13.4 times Income today to receive over 7% Cap, a terrific location, no headaches, less water bills, and with escalating rents and higher appreciation yearly. It pays to buy the best. And it is worth it to pay just a little extra on something special like this.
A guide to selecting the right property with less headaches, higher income, much higher yearly appreciation, and dealing with single business working people only. This is the ultimate selection or pick anyone could make.
Tenants with high paying jobs, high credit scores, and renting apartments on their own being single, with no pets, no children, no bicycles, no carriages, less noise in the building that you could hear a pin drop.
Advantages compared to many building that are for sale. This building is not 80 years old, with old sewer pipes, old plumbing, old electrical wiring, no lead paint potential, and was built in the late 1970’s. A large Residential of 7,060 Sq Ft. with 15 Apartments-OFF ELIOT AVENUE, and current INCOME of $261,000 DOLLARS.
There are 11 Large one bedroom and 4 studio apartments/ all tenants must have over 700 credit score and pay two months security with over 40x’s income of the rents. Location 85 street off Eliot Avenue in Middle Village, NY 11379. Steps to the trains on Woodhaven and Queens blvd.
Worth paying 13.4 times Income today to receive over 7% Cap, a terrific location, no headaches, less water bills, and with escalating rents and higher appreciation yearly. It pays to buy the best. And it is worth it to pay just a little extra on something special like this.
15 UNIT BRICK BUILDING OFF ELIOT AVENUE IN MIDDLE VILLAGE,NY 11379
THIS IS THE INVESTMENT DEAL OF THE YEAR
GREAT 1031 EXCHANGE PROPERTY
JIM TURANO 1-347-837-9206 DIVERSE REAL ESTATE
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