6%+ Potential Yield in Auckland

Manukau City, Auckland - $824,000

Income + Income = Great Portfolio Addition!

Dual income weatherboard property in South Auckland


Highlights:

Property Features: Dual Income

  • Price: $824,000
  • Gross Yield: Potential 6.1%
  • Rental Status: Vacant Possession
  • Rent Appraisal: 3 Bedroom - $540 p/w
    2 Bedroom minor - $440 p/w
    Total - $980 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $3,050
  • Estate Type: Freehold
  • Floor Area: 214m2
  • Land Area: 678m2

Are we close?

If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

About the Property

Configured as a 3 bedroom home and a separately consented 2 bedroom minor dwelling with two incomes, on a full section of 678m2 in a Mixed Housing Urban zone.

The main house features 3 double bedrooms, separate kitchen and dining areas and a fully tiled bathroom.

A minor dwelling is located to the rear of the main home. It was recently converted into a consented self contained 2 bedroom dwelling with a utility room and a carport.

Both properties have separate water & power meters and are fully fenced.

Key highlights of the deal:

  • Cashflow positive ($4,285 on 100% lending at 4%)
  • Rental appraisal $540 + $440 = Potential $980 p/w
  • Potential 6.18% gross yield
  • Opportunity to add value and increase returns with minor cosmetic upgrades

Purchase price - $824,000

The opportunity value here is significant, so take action now to secure this high cashflow deal!

Amenities

Short Drive to MIT, Manukau Shopping Complex, Middlemore Hospital, Otara Town Centre, Otara Pool and Leisure Centre, nearby schools and easy access to motorways.

Kunal Mehta
Property Investment Specialist

kunal@ifindproperty.co.nz
021 024 69442

Contact us about this property

Agent Contact Details

Kunal Mehta
Property Investment Specialist

kunal@ifindproperty.co.nz
021 024 69442

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