[SOLD] Dual Income - Reap the Returns
64c Fairview Road, Western Heights, Rotorua - $537,710
Cashflow positive, dual income and fully renovated. Sit back, nothing needed here, start your portfolio with this amazing duplex.
About the Property
AMAZING! Cash in your pocket each week. Cashflow Positive $4,404 on Interest Only loan with 100% borrowing!
Renovated to a very high standard, close to schools & shops. This duplex ticks all the boxes and three bedroom units to boot. Act fast these won't last long at all.
This property consists of 2 three bedroom units. Both have been fully renovated to a very high standard. Open plan living areas with modern kitchens are complete with range hoods. The living area opens out on to a private wooden deck/BBQ area..
Even though the units are joined they are extremely private from each other. The property is set down the end of a driveway and is quite secluded. The carpets appear to be as new, paintwork is in good order as are all the light fittings and drapes. There are three double bedrooms and a modern bathroom area. Both homes are warmed with a heat pump, are all fully insulated and come complete with security alarms.
The grounds are easy care and there has been many metres of concrete laid and is finished off with good fencing.
Seldom have I found investment units that do not need some level of modernisation or renovation. These units are simply beautiful and will be highly desired by tenants. The current tenants are keen to stay on and love living here.
However there is some upside, with scope to add covered parking to increase rents. I estimate that adding carport for each unit ($5,000 per carport) new, less for second hand) could add an extra $10 per week to the rent per unit.
Don't miss this opportunity, get in touch today!
Easy walk to all levels of schooling as well as supermarket and shopping area nearby and short drive to the CBD.
Debbie Van Den Broek
Licensed Salesperson - REAA 2008
021 131 6119