6%+ Potential Yield in Auckland
Manukau City, Auckland - $824,000
Income + Income = Great Portfolio Addition!
Dual income weatherboard property in South Auckland
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!
Short Drive to MIT, Manukau Shopping Complex, Middlemore Hospital, Otara Town Centre, Otara Pool and Leisure Centre, nearby schools and easy access to motorways.
Property Investment Specialist
021 024 69442