Dual Income - Potential 6.4% Gross Yield

  • Papakura, Auckland
  • 3+1 Beds
  • 1+1 Bath
  • 140m2

Description

Configured as a three-bedroom home and a separately consented one-bedroom minor dwelling with two incomes on a full sized section of 755m2 in Papakura, a suburb that is experiencing significant development.

The main house features 3 double bedrooms, separate toilet and laundry areas, plus an expansive lounge area which opens through wide bi-fold doors to the decking.

Minor dwelling alongside of the main home which has been recently modernised, consists of one double bedroom, spacious lounge, kitchen and brand new chattels.

Key highlights of the deal:

  • Cashflow positive ($6,250 on 100% lending at 4%)
  • Rental appraisal $550 + $350 = $900 p.w
  • Potential 6.4% gross yield
  • Chattels include - new stove, new blinds, new curtains, 2 x oven & Hobbs, rangehood
  • Purchase price - $721,850 (includes iFindProperty fee)

Very rare on the market take action now to secure this property!

PROPERTY DETAILS
  • Estate type: Freehold
  • Rental status: Vacant
  • Rental appraisal:3 Bedroom - $550 p/w
    1 Bedroom - $350 p/w Verbal rental appraisal - TBC in writing
  • Floor area: 140m2
  • Land area: 755 m2
  • Bedrooms: 3+1
  • Bathrooms: 1+1
  • Car parking:
  • Rates: $2,577
AMENITIES

Train Station, Bus Stops, Motorway Access, Town Centre, Supermarkets, Retail shops and District Medical Centre.

LOCATION
  • $721,500
  • Gross yield: Potential 6.4%
  • Rental appraisal: 3 Bedroom - $550 p/w 1 Bedroom - $350 p/w

  • Verbal rental appraisal - TBC in writing
  • Annual rates: $2,577
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ABOUT THE AGENT

Kunal Mehta

Licensed Salesperson
REAA 2008

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