CASHFLOW (15.72 GY) AND DO-UP - WHAT MORE DO YOU WANT!!!

Listing Number:  1238
Posting Date:  04 October 2008






 
Price:$215,000
Listing:CASHFLOW (15.72 GY) AND DO-UP - WHAT MORE DO YOU WANT!!!
Type:House : Do-Up
Category:Purchase Option
Bedrooms:3
Bathrooms:1
Region:Nelson / Tasman
Site Area:80m2 plus garaging m2
Address: Login
Building Area:1 3 share 979m2 m2
Property Image

Description:

A 3+ bedroom house for only $215,000 in Blenheim is very rare. Here we have a Pre-Tax cashflow property for only $215,000 that has great add value potential.

This property is the front of a cross leased section with two flats behind it.

It has three large bedrooms with a smaller 4th room or computer room. The front of the house has a large wooden deck that opens up to the front section where there is a new single garage.

This is an older style house that has had much of the hard (and expensive) work done to bring it back up to date. All but two rooms have aluminium windows, it has new wiring and plumbing in the property. The piles in one part of the house need repairing, we have quotes for doing this.

Although this place in its current state can be rented for $660 a week, with renovations it would receive an extra $60 a week.

Farmar St is walking distance to town and has shops and takeaways only 100m away.

Pre-tax cashflow $5,107 and an add value property makes this an attractive proposition for any investor.

A rental assessment has been done on this property presuming that it is fully furnished (contact me for further details, furniture package available) at $660 a week.

Contact Mark either 021 402990 or (03) 5794204


Additional Documents:

Click to Download
Description: Updated Property Analysis
File Size: 47 Kilobytes