170/306 Taranaki St Te Aro, 60 NZ
Investors: Twice the Cashflow!
You do the numbers... * Rent: $630pw (market appraisal $655pw) * Price: $379,000 * Gross Yield: 8.6% (potential for 9.0%) * NET Yield: 6.9% (potential for 7.2%) * Catch: None
This is a dream investment property, for savvy investors looking for big cashflow, two incomes, central city location, in a modern purpose built building that is fully compliant with the latest building and earthquake requirements.
This property consists of TWO self contained apartments on one title - a 1-bedroom apartment plus a fully furnished self-contained studio apartment.
Tenants love modern central city apartments - they are close to everything, they are new and clean, and they are warm. In addition, one bedroom and studio apartments are hugely popular with young professionals who want location and privacy.
And because it is only two years old, you can relax, safe in the knowledge that it is compliant with council and earthquake requirements.
Details include: * 1-bed apartment rented for $350pw (until 13 Feb 2014 - whiteware included). * Studio apartment (under) rented for $280pw (periodic - fully furnished). * Total rent $630pw = $32,760pa.
Sold $370,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Alen Moshi