8 BRM/2 BA, 2 UNITS 8% ROI EACH, DO UPPER

Listing Number:  1958
Posting Date:  08 July 2011






 
Price:$312,000
Listing:8 BRM/2 BA, 2 UNITS 8% ROI EACH, DO UPPER
Type:Unit/Flat : Do-Up
Category:Double Settlement
Bedrooms:
Bathrooms:2
Region:Wellington
Site Area:903 m2
Address: Login
Building Area:260 m2
Property Image

Description:

Start at the low end and increase your cashflow with this

2 units containing 8 Bedrooms and 2 Bathrooms sitting on 903sqm located 2 min drive from city shopping mall and seconds away from local shops. Bus stop right outside, schools, Trust Stadium, Doctors etc are walking distance

Currently rented at $500pw total and can be easily increased to $520pw

Massive gain for a minor TLC, could do with a fence in the front and paint work to increase the return even more

Tenants are on periodic but have been there for years so happy where they are and not looking to move.

107 Sievers Returning 8.1% ROI (245pw)
109 Sievers Returning 8.5% ROI (255pw)

Can re-sell at $165K - $170K each after minor TLC

Price: $312k
Rental: $500pw total
Bedrooms : 8
Bathroom: 2
Year Built: 1960
Map: http://bit.ly/pgfrav

For more info feel free to contact Petaia on 0210458913 or email me at cheddarproperty@gmail.com