Flats Separate Titles Rotorua $540,000
- 6 Beds
- 3 Baths
- 3 Cars
Look at the numbers, three purposes built extra-large two bedroom units, independent rental appraisal of $835 per week for the three-unit, equates to a massive 8.04% gross yield on the asking price. C/V $738,000. Current rental income of $40,040 pa just keeps on rolling in. The outcome here is positive cash flow and capital growth...its a winner!
The property is in excellent sound condition and is nestled on park-like grounds, a little TLC is required, but nothing to distract you away from being the proud owner of this investment. Built in the 1960s from permanent materials, the property offers its occupants a secure environment in which to live. The location is perfect, minutes walking distance to Rotorua's CBD and Megastores.
Professionally managed and in demand from prospective tenants with long-term tenancies being the norm, thus creating a hassle-free appealing investment. Asking price $540,000
PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as RPNZ or Auckland Council (LIM) documents. They have not been measured by the Salesperson or Sue Douglas Property Services Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.
3 garage spaces