24% BELOW RV, 6% YIELD WITH POTENTIAL TO INCREASE.

Listing Number:  1701
Posting Date:  13 January 2010






 
Price:$315,000
Listing:24% BELOW RV, 6% YIELD WITH POTENTIAL TO INCREASE.
Type:House
Category:Assignment
Bedrooms:3
Bathrooms:1
Region:Auckland
Site Area: 
Address: Login
Building Area:1690 m2
Property Image

Description:

This 1950's single level weather board clad dwelling comprises of three bedrooms, open plan living, dining, kitchen, bathroom and laundry. The property has been recently redecorated with new interior paint, new carpets and some new window furnishings. The property has been redecorated to a good quality standard and condition.

Double garage and garden shed are huge, potential to turn into further bedrooms to increase yeild..

Papatoetoe High School Zone

Numbers:
Purchase Price: $315,000
Recent RV: $412,000
Equity: $97,000

Current Rental: $400p/w (tenants keen to stay on)
You could easily spend $5k added extra rooms to garage to increase rent.

Assignement Fee: $10,000 + GST

For further details please contact Vicki Letele 0274 808 520 or vletele@live.com