[SOLD] Perfect Starter in Tokoroa....up to 9.5% Potential Yield!
17 Kea Place, Tokoroa - $112,350
Money to be made here!
Entry level three bedroom opportunity with a 9.5% potential gross yield in a sought after location for working families.
Choosing the paint and completing the makeover will restore this property to it's former glory, making you money in the process.
A good sized property in a secure location. This house has three reasonable size bedrooms and can accommodate a large family. Insulated above the ceiling, below the flooring and fitted with a woodfire to keep your tenants warm in winter.
The kitchen works well and flows to the attached dining area. The interior could do with repainting. The bathroom has a shower over the bath and could do with repainting. There is a separate toilet.
The section is mostly flat and fenced making it safe for pets and children. There is a basement garage and the driveway has ample of off street parking. The exterior and roof is in need of a repaint.
Fibre internet connection has just recently been installed on site.
This property would make a great starter for a young investor to begin their portfolio, with only a small deposit needed. It is cashflow positive with a potential 9.5% gross yield. It would attract good tenants due to its location.
320m to lake reserve, 320m to the hospital, medical centre and pre-school, 510m to kindergarten, 620m from Intermediate, 650m from high school.
An on-going rental shortage means that this will easily rent and after a superficial makeover will attract a quality tenant willing to pay top rent.
Licensed Salesperson - REAA 2008
027 200 2556