[SOLD] Cashflow and Equity in Manurewa
71 John Walker Drive, Manurewa, Manukau, Auckland - $588,860
Solid Opportunity in Manurewa Presenting Cashflow and 22k Equity
This is a 1980's 3 bedroom, 2 bathroom home. Built from weatherboard/fibre cement, concrete tile roof and aluminium joinery. It has been well maintained, with the interior renovated approximately 6 years ago. The kitchen opens up to the lounge area which flows out through a ranch slider onto a timber decking area.
The second bathroom has access to outside, leading out to the large double garage/sleep-out which contains the garage along with 3 rumpus rooms, which are open plan to a lounge. The lounge also has a ranch slider leading outside - very spacious area. This is a fully consented addition, so you can feel safe in your purchase.
The section is fully fenced, flat and of an easy care nature. The driveway is fully paved up to the garage/sleep-out.
The property is currently tenanted at $590 pw, a shade under appraised market rent of $610 - $630, which represents a potential 5.5% gross yield. As well as that we have a registered valuation as the property sits today at $610,000, so there is $22,000 equity in the purchase.
This is a fantastic opportunity to achieve instant equity of around 22K and good cashflow, in this rapidly growing sought after suburb of Manurewa. This is sure to move quickly, so get in touch today to arrange a viewing and get the property under contract.
All shopping essentials including: supermarket, post office and medical centre are located at 'Clendon Mall', only an 8 min Walk or 2 min drive.
Manurewa Pool and Leisure centre 9 min walk.
Proximity to Southern and Southwestern Motorways.
Licensed Salesperson - REAA 2008
021 990 252