Newly renovated exterior with a fresh modern look.
The house has recently been re-roofed and re-spouted. Very sound weatherboard house, this property is in very good condition, no need for any r & m! Its all taken care of. Just secure the deal, slot it into the portfolio and you've got instant cashflow and equity.
Tenants there to stay! Great tenants who are and have just signed a tenancy agreement market rent at $155/week. hassle free tenants very easy to deal with.
The tenants are working on the interior at their own cost as they treat the house truely like their own home and they see it as an opportunity to secure a home in such a high rental demand area. The tenant has asked that if the landlord pays for consents for a garage they will supply labour and materials, adding more value to this little gem.
The property is situated in the small settlement of Whatatutu, 20 mins north of Gisborne city. The area is supported by the agriculture and forestry industries creating high rental demands for these particular properties.
At $97k, they don't come much cheaper, this little baby will tick away in the portfolio very very nicely. Reinz stats for Sept 07 show the median house prices for Gisborne country to be $275K. This is a great deal!!!
As we all know GISBORNE is a HOTSPOT for property!
OPPORTUNITIES like this are very RARE but are still out there!