Description
Own 2 Units on Separate Titles – Below CV
My vendor wants both units sold to the same investor. This gives you an opportunity to either sell separately or increase rent when you choose.
Welcome to 26A & 26B Petrie Street, Wainuiomata.
Both of these units are 2 bedrooms and 1 bathroom each. They are both currently rented on a periodic tenancy at $480 and $530 respectively. My vendor will sell at a 7% gross yield. This means for $750,000 you get 2 units at basically $375,000 each!
These 2 units are on a cross leased site that is 581m2 and the new combined CV is $830,000.
Both units are heathy homes compliant.
The back unit comes with 2 offstreet car parks, while the front unit can enjoy 1 off street car park.
To find out more about this opportunity and further potential upside, please contact Peter today.