14% YIELD, POSITIVE CASHFLOW, INCREDIBLE INVESTMENT

Listing Number:  1624
Posting Date:  10 May 2010






 
Price:$117,000
Listing:14% YIELD, POSITIVE CASHFLOW, INCREDIBLE INVESTMENT
Type:Unit/Flat
Category:Private Sale
Bedrooms:6+
Bathrooms:3+
Region:Waikato
Site Area:150 m2
Address: Login
Building Area:888 m2
Property Image

Description:

$117,000 for 3 units !!! What.........

Fantastic cashflow returns on this property, 14% Yield, yes this property pays you to own it.

$147,000 Oct 09 Registered Valuation.
$148,000 Dec 09 CV.

3 x 2 bedroom units, each with their own bathroom and log fireplace.

Sited on a large 888m2 section, each unit has a garage/carport and plenty of off-street parking.

Constructed of fibre cement exterior, iron roof, wooden joinery, each 50m2 unit is North facing and has tongue and groove wooden flooring under existing carpets where applicable.

Each unit has open plan kitchen, dining and living areas with front and rear entrances.

Situated only a few minutes walk from the CBD, supermarkets, schools and churches at the end of a quiet cul-de-sac, this is a great sought after location for your tenants.

The exterior and roof has been painted within the last year.
2 of the units have been renovated within the last 12 months and the 3rd unit is tidy.

2 units are tenanted, one of these tenants has been a long term tenant of about 20 years, with the 3rd unit currently in between tenants, but hey itís still cashflow positive as is!

Rates: $3328pa
Rental income: $315pw, ($16,380pa)
Gross Yield: 14%
After expenses, this is pre-tax positive, who needs depreciation!!

Comparable properties currently on the market:
Tokoroa 2x2 bed, 2x1 bed, poss rent $18,720, Asking $199,000

Ring me now for more info or to secure this brilliant cashflow positive investment.

Call 027 236 8236 or email: rocksound@xtra.co.nz