[SOLD] Options Galore
22 Lisa Crescent, Mangakakahi, Rotorua - $342,300
This three bedroom home on a huge section with loads of extras is waiting for an investor to take returns to the next level.
About the Property
There is already a lot to write home about on this huge 1,366m2 property.
Firstly, a three bedroom brick home with aluminium joinery and an expansive deck. It has a compliant fire with wetback and is fully insulated.
It would benefit from new lino and carpet but otherwise the interior is very tidy. Next there is the double garage with lined utility shed attached. This could potentially be converted into a subsidiary dwelling. Thirdly there is a single garage well positioned to service the existing house. Fourthly a portable sleepout - lined and insulated that currently serves as a bedroom for two.
The property could be subdivided or converted to multiple incomes on one section, subject to council consent.
Of course, with potential yield of 7.9% as is, there's the option to purchase and collect positive cash flow whilst keeping future development potential locked in.
A popular rental area within walking distance of all levels of schooling including within zone for John Paul College. About 7 minutes from Rotorua CBD and handy to shops.