Cashflow Positive in Central Rotorua

Description

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.

PROPERTY DETAILS
  • Estate type: Freehold
  • Rental status: $1,420 p/w
  • Rental appraisal:$2,000 - $2,160 p/w
    Renovated $2,360 p/w Written rental appraisal available to potential purchasers
  • Floor area: 310m2
  • Land area: 1012m2
  • Bedrooms: 8
  • Bathrooms: 8
  • Car parking: 6
  • Rates: $8,406
AMENITIES

A very short walk to Rotorua CBD

LOCATION
  • $1,300,000
  • Gross yield: Potential 8.6%
  • Rental appraisal: $2,000 - $2,160 p/w Renovated $2,360 p/w

  • Written rental appraisal available to potential purchasers
  • Annual rates: $8,406
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ABOUT THE AGENT

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
021 131 6119