LARGE MULTI UNIT BLOCK IN CH-CH. YIELDING 8.8% PLUS ROOM TO MOVE.

Listing Number:  216
Posting Date:  04 September 2007






 
Price:$620000 plus
Listing:LARGE MULTI UNIT BLOCK IN CH-CH. YIELDING 8.8% PLUS ROOM TO MOVE.
Type:Unit/Flat : Do-Up
Category:Private Sale
Bedrooms:6+
Bathrooms:3+
Region:Canterbury
Site Area:1341 m2
Address: Login
Building Area:360 m2
Property Image

Description:

Large house converted into 6 flats with additional 5 concrete block garages leased as storage sheds.

There is a range of flats with 1 x 3 bedrooms, 1 x 2 bedrooms, 3 x 1 bedrooms and 1 x studio.

All with seperate electricty makes this easy to manage.


As tenants have moved out of the flats the interiors have been cleaned up and re painted allowing for rental increases to take place.

The rental income is $1050 per week currently. Room to move up as the remainder units get painted internally.

Property has recently been painted on the exterior.


Yield is currently 8.8%. Which in this present market is difficult to achieve.