10% YIELD.GREAT INVESTMENT.SIT BACK AND COLLECT THE RENT

Listing Number:  1046
Posting Date:  05 June 2008






 
Price:$105,000
Listing:10% YIELD.GREAT INVESTMENT.SIT BACK AND COLLECT THE RENT
Type:House
Category:Private Sale
Bedrooms:3
Bathrooms:1
Region:Gisborne
Site Area:88 m2
Address: Login
Building Area:1391 m2
Property Image

Description:

This is a great little property situated at Te Karaka which is 30 kms
north of Gisborne on SH2 heading towards Bay of Plenty.

Outside is in good condition,but could do with a paint soon.
Have just had new Wool carpet and vinyl through out, and either a heat pump or a log fire will be fitted.
Construction is weather board, wooden joinery and galvanized iron roof
Has a fairly new double garage with carport.
Section is well maintained with various fruit trees.

Tenant due to move in at $200 p/w and is a long term tenant.

Registered valuation done this week $105,000 as is
$117,000 with heat pump and outside painted.
The property next door which is slightly smaller and has no garaging sold for $100,000 3 months ago.

There may be the possibility of some vendor financing

Te Karaka has a primary and Areas school, dairy, service stations and workshop,butcher and fire station, and is in easy commuting range of Gisborne.
There is also a daily bus service to Gisborne for school students and passengers as well.
Property is connected to community water supply and sewage.


Contact me for further information.0274748985