6 x 2 bedroom flats - $7,000 Pre Tax Cashflow
This block of 6 x 2 bedroom flats in Kaikohe is well located just off the main road on a large piece of land.
All units are tenanted receiving rents of $175 a week, one is at $165 a week. Average to good condition, each flat has been tidied, painted etc after tenants leave. There is plenty of add value with this block, they are currently advertised for $575,000 elsewhere. They are separated into 2 blocks of 3 x 2 bedroom flats which may in due course have the opportunity to be changed into 2 titles.
Figures are: Income $51,500 Rent at 50 weeks a year Expenses $3,553 Property Management $26,400 100% lending at 6% $11,000 Rates $1,500 Maint $2,000 Insurance $44,453 Total Send us a message for more information.
|Rooms:||12 bedrooms, 6 bathrooms|
|Area:||House area: 340 sq. m, Land area: 1416 sq. m|
|Rates:||$11,000 per year|
|Rent:||Currently tenanted, $1,040 rental per week|
|Potential:||Subdivision potential, Do-up potential|
|Web site:||Click here »|
|Email:||Contact the seller »|