MASSIVE CASHFLOW ON HUGE FREEHOLD LAND!

Listing Number:  2624
Posting Date:  25 July 2015






 
Price:$940,000
Listing:MASSIVE CASHFLOW ON HUGE FREEHOLD LAND!
Type:Home and Income
Category:Assignment
Bedrooms:
Bathrooms:3+
Region:Auckland
Site Area: 
Address: Login
Building Area:1131 m2
Property Image

Description:

An amazing opportunity to own a 7 bedroom 3 bathroom house - can easily be made into 8 beds


* Main house has 3 bedrooms 1 bathroom with provision for a 4th bedroom

* Off front deck is a separate bedroom with its own ensuite

* Off the back deck is a separate bedroom

* Also off the back deck is a 2 bedroom unit/studio with a bathroom

* vendor in process getting the house signed off and passed through council as a home & income.

Options include:

* use a boarding house with income. DBH median rent per room is just over $300. $300 x 8 = $2,400 pw!

* renting out as a 6 bed ($650pw) and 2 bed unit ($350pw)

* resell at a premium once council signed off

The house is fully renovated. Weatherboard 1960s property.
Property cannot be currently subdivided due to watercare restrictions.

Call me now and view before this opportunity disappears.
Likely to have gone by 48 hours.