[SOLD] Cashflow & Stability in Tokoroa with Potential to Increase Rent
56 Fergusson Street, Tokoroa - $185,000
2 flats located in a decent area, near parks, kindergarten and a school. Cosmetic do-up will allow rent increases.
This property consists of a flat and fenced section. The dwelling itself is a 2 bedroom flat at the front, with its own driveway, carport and fenced area. The rear flat consists of a 4 bedroom flat with its own driveway and carport and large fenced area. The flats are made from concrete block, so are very solid. Aluminium joinery ensures that maintenance is kept low.
Great news is that the interior and exterior condition appears to be good, however there is always room for a spruce up. This in turn will assist in raising rents.
The front flat could benefit from heating being installed as well as a cosmetic spruce up.
The rear flat has a modern heat pump fitted. It has been recently modernised and is quite spacious. The configuration looks as though this has been 2 x 2 bedroom flats that have been made into one large 4 bedroom flat.
Fergusson Street is a quiet street that borders a nice reserve, fresh water stream and has the large and popular YMCA nearby. There is a rural aspect and a new subdivision nearby.
50m to kindergarten, 100m to reserve, 280m to primary school, 780m to intermediate and high school, 860m to medical centre, 760m to shops, 1.8km to CBD
Licensed Salesperson - REAA 2008
027 200 2556