DOUBLE INCOME PROPERTY!!! $60K EQUITY!!!

Listing Number:  83
Posting Date:  19 July 2007






 
Price:$515,000
Listing:DOUBLE INCOME PROPERTY!!! $60K EQUITY!!!
Type:Home and Income
Category:Assignment
Bedrooms:6+
Bathrooms:2
Region:Auckland
Site Area:958 m2
Address: Login
Building Area: 
Property Image

Description:

Brand New Valuation - $575,000 (Attached)
Purchase Price - $515,000 + Assignment fee
Equity - $65,000

The front house is in good condition and has been recently renovated. It is currently tenanted at $315 per week at a reduced rent because of construction of new house at back. Once everything has been completed on new house the rent will go up to $330-$340pw.

The new house at the back is in the final stages of completion. It has just passed it's building inspection and has a plumbing inspection next week. Once everything has been signed off it will be issued with a Code of Compliance Certification.
This house will also be rented for $330-$340pw.

Yield = 6.6%

Assignment Fee: $7,500

If you have any questions please contact me.