12-17% INSTANT EQUITY!

Listing Number:  2745
Posting Date:  23 June 2016






 
Price:$398,000
Listing:12-17% INSTANT EQUITY!
Type:Apartment
Category:Private Sale
Bedrooms:2
Bathrooms:1
Region:Auckland
Site Area:49 m2
Address: Login
Building Area: 
Property Image

Description:

12-17% Instant Equity!


Price $398,000


53 Cook St, Auckland Central.

$51,000 to $67,000 in Equity (depending on if you renovate it)

FREEHOLD
2 bedrooms, 1 bathroom
Floor Area: 49sqm
Construction: Concrete & steel
Body Corp fee: $4262
Council Rates: $1224
Equity: $51k-$67k
Rent: $525pw currently

Estimated reno cost if you can be bothered, $10-$11k. Estimated value after reno $441-$465k ($9,000-$9,500/sqm).

Currently rented for $525pw which is pretty close to market rent.

This is in a great up and coming area, with a bunch of big new (expensive) developments going up on this side of town. Also the trendy City Works Depot is directly across the road, and the Mansons (biggest commercial developers in AK) have been investing Billions in constructing new buildings within about 3 minutes walk.

This must be sold by Friday 1st July!

Call, text or email Alex Hall on 021 849930 or alex@trulyandmadly.co.nz

Note: photo's are of a similar apartment.