$30,000-$32,000 now this is the type of dual investment property that makes for sensible buying, with two combined incomes to generate a healthy income return.
With one sitting tenant here for 12 years, and the other, just over a year with [his quote] “I hope to be here for years†these 2 x 2 bedrooms purpose built flats offer an excellent opportunity for investors looking to start a property portfolio, or those wanting to add a reliable money maker.
Built in the 1970s, with hardiplank and aluminum, set on a post-stamp size section, long term maintenance is easy. Add to that good insulation standards, and both with air conditioning too, the standard “Investor checklist†is tick, tick, tick is complete !
Here are the numbers :
• Independent Rental Appraisal assessed at $290-$310 per week
• Rates: $4,100 [estimated on the two flats — pending on issue of title]
• Current Seller’s Dwelling Insurance: $2,535 pa [comprehensive cover]
This has been an excellent investment for my Seller, but other exciting opportunities are on the horizon … So, crunch your numbers — what R.O.I works for you ?
• Combined Building size: 162m2 (est)
• Land size: 544m2 (separate title approved in currently in final stage of issuing)
• 2017 RV: Nil available as subdivision pending from original farm landholding of 1.7303ha
Details
- Address: 27 Lyell Road,
- Area: Outer Kaiti
- State/Country: Gisborne/NZ
- Zip: 4010
- Property Id: RX2045069
- Property Size: 162 m²
- Property Lot Size: 544 m²
- Bedrooms: 4
- Bathrooms: 2