TAURANGA, DUAL INCOME PROPERTY 9.2% YIELD WITH $15K EQUITY

Listing Number:  2063
Posting Date:  23 January 2012






 
Price:$420,000
Listing:TAURANGA, DUAL INCOME PROPERTY 9.2% YIELD WITH $15K EQUITY
Type:House
Category:Private Sale
Bedrooms:
Bathrooms:3+
Region:Bay Of Plenty
Site Area:809 m2
Address: Login
Building Area: 
Property Image

Description:

Investment Property for Sale with a potential return yield of 9.2%

Current Registered Valuation (Dec 2011) $435,000

Asking Price $420,000

Large 6 bed house with 3 bathrooms previously rented by the room with rents ranging from $100 - $160 p/week. Currently receiving $610 p/week for the 2 flats. Have previously returned $685 p/week, giving rental income of $35,620p/a but present market can return up to $740 p/week giving a return yield of up to 9.2%

Currently split into 2 flats

4 bedroom 2 Bathroom Flat downstairs with own access and enclosed gardens.

2 bedroom 1 Bathroom Flat upstairs with own access and enclosed garden.