[SOLD] Cashflow Positive in Central Rotorua
1325 Hinemoa Street, Central, Rotorua - $1,300,000
Eight income streams close to the Rotorua CBD.
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.
A very short walk to Rotorua CBD
Debbie Van Den Broek
Licensed Salesperson - REAA 2008
021 131 6119