BLOCK OF 5 FLATS 11% YIELD, CASHFLOW POSITIVE

Listing Number:  1026
Posting Date:  23 May 2008






 
Price:$340,000
Listing:BLOCK OF 5 FLATS 11% YIELD, CASHFLOW POSITIVE
Type:Unit/Flat
Category:Assignment
Bedrooms:3
Bathrooms:1
Region:Hawkes Bay
Site Area:300 m2
Address: Login
Building Area:1219 m2
Property Image

Description:

here we have a block of 5 flats, in an excellent location.
2 x 3 bedroom at $165 per week
1 x 2 bedroom at $145 per week
2 x 1 bedroom at $125 per week TOTAL $725 per week

purchase price $340,000
deposit $5,000
settlement 20 days or by mutual agreement
rates $4890 annually
G.V $280,000

THIS IS AN 11% YIELD, POSITIVE CASHFLOW PROPERTY AT THE PRICE OF YOUR AVERAGE HOUSE, IN A GREAT LOCATION

GAISFORD FLATS are located on gaisford terrace, which is an excellent part of town. 10 minutes walk to town centre, westpac indoor pool and stadium, sportsfields, subway etc
also surrounded by 2 good primary schools and CHB college.
waipukurau is a thriving town in CENTRAL HAWKES BAY.
main industry is sheep, beef, and dairy farming. there are 2 freezing works, a timber mill and fertiliser outlets population is 6500

property has a property manager running it and all flats are tenanted and have a good rental history. rents are conservative.

current vendor has owned for 3 years he is one of the best builders in town and has done a lot of maintenence, carpets, vinyl, and paint

assignment fee $5,000
dont hesitate too long as australian and overseas investors are taking all these good cashflow deals. for any more info or advice on experts in the area, dont hesitate to call.
shane ph 06 836 5580 or 027 651 3419