North Mt Wellington / Ellerslie, Auckland.
3 X 2 Bedroom Flats on one title single story.
Total floor area 160m2 (RPNZ) – Total land area 1044m2. – Back section has it’s own drive.
Good condition brick / concrete material. – Built 1960’s.
Plenty of off street parking including a carport
Fully tenanted (quality tenants some have been there for a while.) —- Significantly UNDER RENTED.
Potential for quick capital growth of over $150,000.
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Wow 8% Home & Income in Otahuhu, Auckland.
Location and yield. – Be quick as this one will disappear quickly!
This multiple income property in Otahuhu is an opportunity not to be missed (voted one of the suburbs most likely to achieve great Capital Growth in Auckland.)
Otahuhu is also one of the most affordable suburbs that neighbors the Silvia park shopping center and Mt Wellington. – How ever this won’t be for long!
The property has a 2 large double Bedrooms or Rumpus with a single bedroom, large lounge room with fire place, a family room and dining at the front.
This property also has a single garage and workshop.
Indicative rent by agent of $380pw.
At the rear there is a 1 one bedroom self contained flat with separate lounge kitchen and bathroom and toilet which is rented for $205pw
Total rent approx $585pw
Section size is: 888m2
Total floor area: 170m2
CV: 430K
Purchase price is $390k.
Be quick as this one has had some interest already.
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admin Instant Equity