[SOLD] Cashflow and Equity on offer!
19 Kea Place, Tokoroa - $125,350
Strong location, tenant friendly - cashflow and equity to be made here!
Two twists: tidy up and rent out or convert to 4 bedroom home then rent out. You choose!!
A good sized property in a great location. This house has three reasonable size bedrooms and two lounges that can accommodate a large family. Insulated above the ceiling and fitted with a gas fire to keep your tenants warm in winter.
The kitchen is older style and could do with an upgrade. It flows to the attached dining area, which leads out onto a private deck. The bathroom is new, having just been renovated. It consists of a shower over the bath and stylish basin and has a combined toilet.
The section is mostly flat and fenced making it safe for pets and children. There is a large single garage and the driveway has ample of off street parking. The house exterior has a couple of boards to be repaired and the roof is in need of a repaint, nothing that is too big for the handy man, or if necessary we could provide referrals to a contractor for the repairs to be done. Some simple landscaping will complete the package.
Fibre internet connection is in the street.
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 will attract good tenants due to its location.
250m to lake reserve, 380m to the hospital, medical centre and pre-school, 550m to kindergarten, 730m from Intermediate, 830m from high school.
Equity and cash flow can be created here for the investor who has vision.
Licensed Salesperson - REAA 2008
027 200 2556