Huge Cashflow Aro Valley Investment

Web Ref#LOWE3175

BEO $1,395,000 - Market Rent Circa $1,830 - $1,920pw!!

Ka-Ching! Ka-Ching! That's the sound of a river of cash flowing into your bank account from this city fringe cash machine once you own it. From the street, it might not look like the picture book beauty that some fairytales are made of, but this property will look fantastic on your financial statements, and your accountant is bound to praise you highly for owning it!

Comprising of three separate tenancies, in highly sought after Aro Valley, you are bound to have a line of quality tenants whenever one falls vacant. All experienced investors know the secrets of successful investing are cashflow and location, and this one delivers both in spades.

The main house offers:
- 5 bedrooms, inc 2 HUGE rooms with ensuites (or use one room as a second separate lounge)
- Open plan traditional timber kitchen / dining / living
- Main bathroom with claw foot bath
- Laundry under the stairs
- 3 secure storage rooms in the basement - one for each tenancy
- Gas central heating
- Large deck
- Rented for $850pw until Oct 2021 - Market rent appraised at $1170-1200pw

Each of the two studios offers:
- Open plan kitchenette / living / bedroom
- Kitchenette includes laundry facilities
- Modern bathroom
- Heat pump
- Upper unit rented for $350pw until Jan 2021
- Lower unit rented for $330pw until Feb 2021

Overall:
- RV $1,100,000
- Rates $4,942.84pa
- Each tenancy has separate gas and power meters
- The floor area of 150sqm does not include the two studios, which we estimate to be over 30sqm each
- Current rental income of $1,530pw
- Market rents appraised at $1,830-$1,920pw
- Will be compliant with the Healthy Homes Act by settlement

The vendor is ready for your offer. Viewings by appointment only. Full info pack available on request.

BEO $1,395,000

Additional Features

  • Bedrooms: 7 Bedrooms

  • Bathrooms: 1 Bathroom, 4 Ensuites

  • Family Room: 3

  • Off-Street Parking: 2

  • Rates: $4,942.84

Brent Gilbert (Phone 027 441 5026)
Brent Gilbert
Salesperson
Adam Cockburn (Phone 021 409 637)
Adam Cockburn
Salesperson
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