3 FLATS, IMMEDIATE CASHFLOW, 8.4% RETURN

Listing Number:  2049
Posting Date:  13 December 2011






 
Price:$650,000
Listing:3 FLATS, IMMEDIATE CASHFLOW, 8.4% RETURN
Type:Home and Income
Category:Assignment
Bedrooms:
Bathrooms:3+
Region:Auckland
Site Area:631 m2
Address: Login
Building Area:250 m2
Property Image

Description:

Two buildings / Three flats on a single title in Glen Eden.

One 3 bedroom house is brand new built this year and now rented for $380 pw. Second house had a 3 brm flat added in the basement (rented for $350) and an existing 3 brm flat upstairs (under-rented for $320). Total income of $1050 pw.

All the building and construction work is fully legal - the property file obtained from the council has a whopping 670 pages! The CV is still for the original one house /one flat setting which means a lot lower rates, however a recent RV made for the completed three flats is $680k.

Property is in a decent easy to rent area, quiet no-exit street, walking distance to Glen Eden train station and Glen Eden shops.

This property is pre-tax cashflow positive, up to $200 pw in your pocket!

For more informations and to arrange a visit
contact Michael - 0210 742 741 - michael@patmat.co.nz