Fabulous dual income property, almost tenant proof as it is made of solid concrete therefore no pesky holes in walls for this solid block of two units. With the added advantage of being set within a moderate walk to the CBD and hospital and only a short walk down to Lake Rotorua. Cashflow positive from day one!
This is a block of two 2 bedroom units, currently tenanted and the tenants would be keen to stay on.
The units are tidy and are in good condition however there is always room for improvement to add value. Additionally as the units are set on a large section there may be room to add a minor dwelling (subject to council consent).
Each unit has 2 double bedrooms that open on to an open plan living/kitchen area. The interior walls are solid concrete and both units are spacious and sunny. By adding a heat pump to each unit you will increase the rent by an extra $20/week.
There is covered internal access parking between each unit.
Contact Debbie today to find out more about this cashflow positive opportunity.
Estate type: Freehold
Rental status: $445 p/w
Rental appraisal:$680 - $720 p/w Written rental appraisal available to potential purchasers
Floor area: 190m2
Land area: 1012m2
Car parking: 2
Walking distance to Lake Rotorua, Rotorua Hospital and CBD.
Gross yield: Potential 6.7%
Rental appraisal: $680 - $720 p/w
Written rental appraisal available to potential purchasers
Annual rates: $3,898
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ABOUT THE AGENT
Debbie Van Den Broek Licensed Salesperson - REAA 2008