10.4% YIELD 14 BED IN 2 HOUSES ON 1300M TITLE 70K BELOW RV

Listing Number:  908
Posting Date:  29 April 2008






 
Price:$650,000
Listing:10.4% YIELD 14 BED IN 2 HOUSES ON 1300M TITLE 70K BELOW RV
Type:Home and Income
Category:Double Settlement
Bedrooms:6+
Bathrooms:3+
Region:Auckland
Site Area:400 m2
Address: Login
Building Area:1300 m2
Property Image

Description:

Two Houses are on same title. Total price is $650,000 for both which works out to $325,000 per house. Must be sold together.

Settlement: May 15th 2008
Deposit: 20k

Address is 99 Wyllie St Papatoetoe

REGISTERED VALUATION = $720,000
Registered Valuation done March 08 came out at $720,000 as is, or $780,000 once suggested improvements are done.

CURRENT RENTAL ASSESSMENT:
$850 $900 per week combined on traditional rental (6.8%), or
$1300+ per week after management expenses if rent-by-room (10.4%)

HOUSE DETAILS:
2 modern homes, both in excellent condition inside and out on 1300m2 land 1 title .

HOUSE ONE: Extended character bungalow
7 bedroom, 2 bathroom, polished floors, high studs and beams, rimu galore. very tidy. nothing else to be done.

HOUSE TWO: 'A' Frame house
7 bedroom, 2 bathroom, recently renovated, modern kitchen, space galore and private. nothing else to be done.

Other Features:
Heating: Open Fire. Stove: Electric, Gas Reticulated .
Exterior Features: Decking. Weatherboard Construction.
Construction: Aluminium, Wooden Joinery. Concrete Tile Roof.
Fencing: Fully Fenced. Views: Urban. Level With Road.
Building Feature: Hot Water: Electric.

Chattels
Fixed Floor Covering, Light Fittings, Drapes, Curtains, Blinds, T.V. Aerial, Stove, Dishwasher, Rangehood, Telephone, Waste Disposer