406 –406 ½ Linwood Avenue Buffalo, NY

Lot Size: 60 x 250      Parking: 8 cars

Front Mansion:

1^st  & 2^nd floor    $46,826  (expires 08/01/2012)

3^rd floor: 3 offices, bathroom, kitchen area  $10,320  (month to month)

 Carriage House:

1^st floor: 2 bedrooms, 1 ½ baths (offices)   $  9,000  (6/30/2012)

2^nd floor: 2 bedrooms, 2 bath (apartment)   $11,100  (expires 06/30/12)

Total Income            $77,246

 Expenses:

Electric & Gas            $12,388

Water  & Garbage      $2,112

Real Estate Taxes      $15,155

Plowing                       $   600

Repairs & Maintenance (5%)     $4,072

Insurance          $2,295

Total Expenses  $36,622

NOI                       $40,624

 Asking Price: $525,000          CAP 7.7%