$103,000 FOR STUDIO BY THE SEA. CASHFLOW POSITIVE

Listing Number:  1391
Posting Date:  07 March 2009






 
Price:$103,000
Listing:$103,000 FOR STUDIO BY THE SEA. CASHFLOW POSITIVE
Type:Unit/Flat : Do-Up
Category:Double Settlement
Bedrooms:1
Bathrooms:1
Region:Auckland
Site Area:20 m2
Address: Login
Building Area:1 6th of 1470 m2
Property Image

Description:

Positive cash flow $40 per week. Very cute little studio unit by the sea.

Where can you find a property at this price!!! This little property will pay for itself. You could rent as is semi furnished or you could freshen it up.

Recently rented out furnished for $200 per week.
Currently vacant.
Semi furnished with little oven, microwave, fridge and washing machine.
Walking distance to shops and 30 metre walk to the sea.
Beautifull sea views just outside the home.
Surrounded by owner occupiers.
Great little rental for singles.

CV $150,000.

Specs
Floor area 20m2
Sudio loft style Kingsize bed
1 car space
Crosslease (fee simple)

The numbers
PP: $103,000
CV 2008: $150,000
Rent: $175-200/wk

Cash flow: Cash flow Positive PRE TAX, by $40/wk

Great use of space.

If you have spare change this could be a great little opportunity.