6 x 2 bedroom flats - $7,000 Pre Tax Cashflow
Kaikohe
Price: $440,000
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.
Property Summary |
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| Rooms: | 12 bedrooms, 6 bathrooms |
| Area: | House area: 340 sq. m, Land area: 1416 sq. m |
| Government valuation: | $450,000 |
| Rates: | $11,000 per year |
| Rent: | Currently tenanted, $1,040 rental per week |
| Gross Yield: | 12% |
| Potential: | Subdivision potential, Do-up potential |
| Agency reference: | Kaikohe |
| Web site: | Click here » |
| Property ID: | 1106 |
Seller Details | |
| Name: | Mark Honeybone |
| Phone: | 03-5777086 |
| Mobile: | 021-402990 |
| Email: | Contact the seller » |
| Website: | cashflowthruproperty.co.nz |
