CITY-FRINGE CASH MACHINE - BEO $600,000

1/19 Drummond Street, Mt Cook

  • Bedrooms5
  • Bathrooms1
  • Living Areas1

With peak rental demand only weeks away, there couldn't be a better time to invest in a five-bedroom unit only minutes from Massey University, Newtown and the city. It's on the ground floor of a secure complex, with it's own separate entrance, that was recently redeveloped to the latest building code. Features include:

- Five double-bedrooms, each with their own space for desks and storage
- Open-plan living/dining area and kitchen with open shelves
- Bathroom with shower and vanity plus bonus of a separate toilet
- Double-glazed for warmth, comfort and low-maintenance
- Rent to a group, put each tenant on a separate tenancy, or buy for university-age children to share with flatmates
- Renting for a combined $850pw, the property managers say they expect to increase the rent in 2019
- Affordable annual outgoings
- Apartment sold fully furnished

This is a fantastic opportunity to invest in a sought after low maintenance complex with a steady stream of cashflow in a top location. Do the sums on Sunday.

Address

1/19 Drummond Street, Mt Cook

Price

BEO $600,000

Listing ID

LOWE2195

Type

Apartment

Floor Area

98 m² approx

Land Area

0 m² approx

Rates

$2,748.98