Central City Opportunity

Units 4/6/7 - 44 Malfroy Road, Rotorua
Price: $650,240

Three central city units, which have all been renovated and are part of a 9 unit complex.

All units are on their own title so can be bought or sold separately.

Great for future-proofing your investment as you can sell to owners wanting to downsize and be within easy walking distance to Rotorua CBD.

The roof on the complex has just been replaced and the driveway has been resealed. All of the units are spacious and offer two double bedrooms, open plan living / kitchen area and have had a shower upgrade with glass sided showers.

They all have good tenants in place that keep their homes beautifully presented.

All units come equipped with heatpumps (less than 6 months old) panel heaters in the bedrooms and have tiled bathroom & kitchen floors.

Each unit has its own carport and Units 4 & 6 have their own private courtyard.

Unit 4 - has new carpet that is less than 12 months old, kitchen cupboards would benefit from being replaced (approx cost $500) and has the original vanity which could also benefit from being replaced (replacement cost $500).

Unit 6 - has a brand new bench top, some of the kitchen cupboards would benefit from being replaced with new door fronts (approx cost $200). New carpet was installed less than 12 months ago.

Unit 7: Situated above Unit 4, this very sunny unit has good carpets, good kitchen and original vanity, which could benefit from being replaced (approx cost $500).

Units in this part of the city have been obtaining gross yields of only 6% on recent sales, we have a written rental appraisal of $300 - $325 p/w per unit, so this opportunity has a potential Gross Yield of 7.7%, which is a blast from the past.

There is a body corporate fee for each unit of $1,976 pa.

This cost covers all exterior maintenance including insurance, lawns, fences, gutter cleaning, roof repairs & driveway sealing.

These unit can be bought separately or together, talk through your options today with Debbie.

Property Summary
Rooms:6 bedrooms, 3 bathrooms
Area:House area: 180 sq. m
Government valuation:$606,000
Rates:$7,465 per year
Rent:Currently tenanted, $820 rental per week
Gross Yield:8%
Web site:Click here »
Property ID:1976
Seller Details
Name: Debbie Van Den Broek
Company: I Find Property
Mobile: 021 131 6119
Email: Contact the seller »
Website: www.ifindproperty.co.nz
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