[SOLD] Cashflow Positive in Central Rotorua

1325 Hinemoa Street, Central, Rotorua - $1,300,000

Eight income streams close to the Rotorua CBD.


Highlights:

Property Features: Multi Income / Add Value Potential

  • Price: $1,300,000
  • Gross Yield: Potential 8.6%
  • Rental Status: $1,420 p/w
  • Rent Appraisal: $2,000 - $2,160 p/w
    Renovated $2,360 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $8,406
  • Estate Type: Freehold
  • Floor Area: 310m2
  • Land Area: 1012m2

Are we close?

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About the Property

All in tidy condition and ready to rent "As Is" for up to $260 p/w each. You do the maths and act quickly to secure your future.

These units are one bedroom units and have the capacity to be renovated to a higher standard and increase the rent accordingly.

There is an open plan lounge/kitchen area with a bedroom opening up off the lounge. The kitchens all have a full stove and tenant proof stainless steel bench top. Each of the units have their own laundry area, separate toilet and formica shower. This area of the property has a raised ceiling with louvre ventilation.

Added value and increasing the rent could be achieved with ( per unit)

  • Paint $4,000
  • Carpet/ vinyl $3,000
  • Heat pump $2,500
  • New vanity/ reline showers $1,200

Units nearby achieve $295 p/w each after this level of renovation.

There is also potential to add a ranch sliding door and create individual outdoor living spaces for each unit.

This property offers potential plus! So act fast as properties like this do not last long.

Amenities

A very short walk to Rotorua CBD

QV Property Report 1325 Hinemoa Street Rotorua.pdf

Rates File 1325 Hinemoa Street Rotorua.pdf

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
021 131 6119

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This property is SOLD
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Agent Contact Details

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
021 131 6119

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Debbie has been wonderful to work with. She was professional, thorough and has an inside knowledge about the Rotorua market. On top of this she is willing to share her extensive knowledge with her clients as she is on the side of the investor."