Calling all gold diggers, value hunters and investors - with this central Hataitai location, four income streams, over $1,900pw in rent and a full gently sloping site, this 4 income cash cow could be the cornerstone of your portfolio for many many years. All savvy investors understand the value of cashflow, location and multiple streams of income, and this fantastic property delivers all of these in spades.
38 Moxham Ave (Main House):
- 4 double bedrooms
- 3 bathrooms (2 ensuites)
- Generous kitchen, dining & lounge areas
- Single garage plus carport
- Recently rented for $875pw
38A Moxham Ave:
- Generous studio flat in front of the main house
- Very sunny north facing aspect
- Car space in front of unit
- Current rent $375pw
38B Moxham Ave:
- 1-bed flat downstairs behind the main house
- Car space at end of driveway
- Current rent $335pw
38C Moxham Ave:
- 1-bed flat upstairs behind the main house
- Current rent $350pw
- Total rent of $1,935pw
- Everything appears reasonably well maintained
- Further scope to add value with renovation / further development
- 2018 RV $1,170,000
- Rates $4,572.60pa
- LIM and further details available to buyers once they have viewed the property.
This property is SOOO close to Hataitai's fantastic village, offering an abundance of local shops, cafes, takeaways, bakery and pub... it all appears solid and with good sun, you will always have long lines of quality tenants wanting to pay top dollar in rent.
Our vendors have loved this cash cow, but a need to focus on other projects means it is now reluctantly offered for sale. Contact Brent or Adam for further details.