3 bedrooms
1 bathroom
1 parking

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This property is ideal for investers or first home owners.

With a large 772m2 fully fenced section this 3 bedroom home is positioned in a handy location to schools, reserve, childcare centres and beach.

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1

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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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This property also has a double carport with plenty parking for friends.

Close to the park’in’ride shopping center and school.

Great buying and excellent long term potential.

This property is vacant currently so available for immediate possession.

Only $199,000 but you have to move quick. This will go to the press by next weekend.

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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Central Orewa

RV $435,000.

CV$480,000. (Sept 07)

Purchase Price $375,000 (instant equity of $60,000)

Built in the 1980’s and situated on a rear section only 200 metres from the beach in a prime rental area with own driveway and off-street paved parking for four cars.

This also has a single internal access garage with power door.

Rental assessment $380-410 per week.

Figures are based on $65,k per annum or message me to complete figures specific to your situation

Price $220,000
For that you get a property with three double bedrooms, open plan living and kitchen, it’s fenced, garage (internal access), and  currently renting for $300pw.

Add to this the sleepout with own power,one double bedroom, open plan living, a carport, fenced as well, and currently renting for $140 p.w.

So that means $440 per week from a $220,000 property, you don’t need graphs to know this one is a real cashflow positive winner.

Ask me how to buy this with no deposit and still put money in your pocket every week.

With this “what ever it is you get a free set of ginsu knives”…well not this time. If you want the ginsu knives you can go and buy some with the great upside you will get from this investment.

In my opinion deals like this one are where people will create their wealth for retirement, forget the hype of the developers and the spruiking of the real estate agents. Think about what’s in this for you.

With this particular property you are in the heart of NZ’s largest city. It is a 2 bedroom apartment which is sought after in Auckland and is large enough that the banks will lend on it.

Renting easily for $400 to $420 per week this property provides options for many a person looking to rent in the city.

That’s the rental side but you as the owner also have the benefits of the growing city of Auckland.

What happens to prices when there is scarcity? They go up.

Is there scarcity in the Auckland apartment market? Not today but in a couple of years time there will be and this type of investment allows you to hold on to it until the prices move upwards.

The new building laws for Auckland will mean an apartment of this size will cost a developer over $300,000 to build. Add on his margins and you will be looking at over $350,000 to purchase it brand new.

Today you can get that for $250,000, right here right now.

Login and look at the numbers. It’s cashflow positive from day one even using the low end of the rent side for someone on $60,000 a year income.

The return on investment is a whopping 127% even if the property only increases by 2% above inflation over 15 years.

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