May 29

SOLD!!!You just do not see this type of layout for a multi family unless its a motel. Actually the property located at 37-39 Dutchess Ln. in the town of Palermo is in relatively good condition inside and out. Built in 1983 on 1.8 acres. The 4 bedrooms are split up 1-1-2 in its unique 2,016 square foot print on a crawl space. The roof looks to be 10-15 yrs. old. Seperate utilities. T-111 siding painted and in good shape except for the rear where paint and replacement of the porch steps for each apt is necessary. Appliances are all there. Tax assessed value is $94,000. I had in my head that the market value was a more realistic $78,000. HUD is asking $52,000 NOW $46,800 and investors can bid after June 2nd.  Call me asap for your showing, helping expand your real estate empire. John Adolfi 315-952-2671 cell. DIRECTIONS

May 22

SOLD-Back on back off and back on again.  These HUD homes are sometimes like a ping-pong game.  Problem is realtors and buyers are sometimes uninformed and underprepared to travel HUD’s gauntlet. And as a result find that the bank financing is not in place and HUD has to pass on that buyer and place the property back on the market.

This East Syracuse HUD home is a modest size 2 bedroom 850 sq. ft. ranch with a full basement and a two car garage on a 62′x 174′ yard. Tax assessment is $81,800.  Sold to the previous owner in 1999 for $60,000. HUD’s asking prioce is $51,300.

Those looking to buy and live in it should get a 203k FHA streamline loan unless you are paying cash.  Bid deadline is Tuesday 26th May.  Contact me asap for more info.  John Adolfi 315-952-2671. DIRECTIONS    303 Sunset Dr. East Syracuse, NY 13057.

May 14

SOLD -so low it made me cry. Wow!  An assessed value of $165,000 and HUD’s original list and appraised “as-is” value was $140,000 and HUD is asking now only $98,000??  What is the catch?  After reading the property condition disclosure (e-mailed upon request) provided by HUD it seems there is no catch but worn carpets.   What an awesome home for a great price.    This property consists of a 1,572 sq.ft. Ranch built in 1958 on a full basement.  The lot size is 150′x267′ and located about a 1000′ from the St. Lawrence River just 5 miles east of Clayton. DIRECTIONS  Inside you’ll find three bedrooms and two full baths, oil furnace, well and septic, finished basement, frig, stove,dishwasher and garage.  

Before you pick up the phone and call any realtor, my experience from previous customers and real estate agents have both confessed that realtors don’t not want to sell or don’t know how to HUD homes. To see this home or find out more info  please contact me on my cell 315-952-2671. My name is John Adolfi and I’ve sold over 255 HUD homes and I love them

You can also  E-mail me for my FREE report Investors Guide to HUD Homes. This report will give you insights into how to score this or anyother HUD home at rock bottom prices.

May 11

SOLD-Ok so I had to go north of Oneida lake anyhow and passed by this HUD and gandered in for a look.  It struck me immediately that it has 3 different roofs, in decending order of condition, metal, black asphalt and on the rear a red old asphalt. The interior sprawls with its forced two apt. layout and was at one time a single family home and could be again.  The condition is fair to poor. You could “clean it up” for several thousand and re-rent it or move in.  Or you could go the next step by gutting it and remodeling the entire home for a guestimated $20k-$40k depending on who does the work, you or hire it out.   Assessed value is $59,600 with a lot size of 46′x170′ and it appears the property next door and this property have been sharing part of a driveway for decades. The driveway splits towards the back for plenty of parking in the rear.  Four total bedrooms and 2 baths. Two heating units and two electrical.   Bidding is open for both for investors and owner occupants.  Asking price is $31,000.  DIRECTIONS

May 01

SOLD Again-Back on the market for the last time? Yes this 2 bedroom has been on and off the market over the last 6 months since HUD put it out there. Originally priced at $40,000 this home has 1056 square ft. of living area. Two BR and one full bath and full basement. Assessed value is $61,500 with total taxes of approx. $2300. The layout is screwy to just warn you. Don’t ask me in what way, you’ll have to see it for yourself and figure if its something you can live with. Lot size is 80′x120′. New asking price is $24,000. The best financing would be an FHA 203k streamline loan. Bidding for owner occupant commences today and ends May 5th, Investors will have to wait till after the 6th to bid. Call me for your showing 315-952-2671 John Adolfi. DIRECTIONS