UP TO 8.4% GY, 2 INCOMES, FREEHOLD PROPERTY AND GREAT LOCATION

Listing Number:  2328
Posting Date:  02 December 2013






 
Price:$474,300
Listing:UP TO 8.4% GY, 2 INCOMES, FREEHOLD PROPERTY AND GREAT LOCATION
Type:Home and Income
Category:Assignment
Bedrooms:5
Bathrooms:2
Region:Auckland
Site Area:466 m2
Address: Login
Building Area: 
Property Image

Description:

I does not get better than this!

This generous size property has been converted into 2 separate and private dwellings.

The top part (recently done up and modern) consist of 2 double bedrooms, 1 single bedroom and one large office that could be split into another single bedroom and office to increase the rental potential. There is also a modern, open plan kitchen/dining/living area all generous proportions, separate bathroom, toilet and laundry.
The house has some nice views and neat deck for entertaining. Upstairs is currently owner occupied and the owners would like to stay as tenants (information from the listing agent). Rental appraisal is $425-$460pw

Downstairs is a large double garage as well as a spacious 2 double bedroom flat with its own kitchen and bathroom. This has also been recently done up except the bathroom, which could use a bit of TLC. The flat is currently tenanted at $300pw and could achieve up to $325pw. The current tenant would also like to stay on.

Separate meters are in place and there is more that enough parking space available!



The numbers

Potential combined Rent : $785pw
Purchase price incl Fee+GST $474300
Budget for room sep.+bathroom $10000
Potential Gross Yield: $8.4%

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Additional Documents:

Click to Download
Description: Appraisal 2
File Size: 66 Kilobytes
Click to Download
Description: Appraisal 1
File Size: 66 Kilobytes
Click to Download
Description: Property Report
File Size: 768 Kilobytes