Multi- Income Investment Property

Description

This steal of a deal consists of three units on one title. The current owners have maintained this property well over the years with a new cement driveway, heat pumps in each units and regular repairs. All three units are occupied on periodic tenancy agreements.

1/31 Reeve Road

2 bedrooms, 1 bath. Private car port. Room to renovate to add value.

2/31 Reeve Road

1 bedroom, 1 bath. Car parking in driveway. Fully healthy homes compliant.

3/31 Reeve Road

2 bedrooms, 1 bath. Double garage with garden area. Recently renovated.

Current rental income $1,010 pw

Units like this are difficult to come by. For more information contact Kara now. Offers will be considered after the first open home.

PROPERTY DETAILS
  • Estate type:
  • Rental status: 1/31 $350 p/w

    2/31 $300 p/w

    3/31 $360 p/w
  • Rental appraisal: (Verbal rental appraisal - TBC in writing)
  • Floor area: 190m2
  • Land area: 1,011m2
  • Bedrooms: 5
  • Bathrooms: 3
  • Car parking: 4
  • Rates: $6,272.45
AMENITIES

Under 5 minute walk to super market and shopping plaza. Less than a kilometre to Rotorua Lakes High School, Mokoia Intermediate and Owhata School.

LOCATION
  • Offers over $875,000
  • Gross yield: 6%
  • Annual rates: $6,272.45
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ABOUT THE AGENT

Kara Niles

Licensed Salesperson
REAA 2008