Exceptional Return Beats the Bank
- 8 Beds
- 4 Baths
Location, Presentation, Income - key words that describe this excellent holding.
The current owner has paid attention to maintenance and reaps the reward with constant income and quality tenants.
4 large units, include a mixture of upstairs and single level, all have single lock-up garaging.
- Income $43,420 (1 unit vacant at marketing $46,020)
- 4 two bedroom units
- Single lock up garage
- Spacious lounge
- Large kitchen/dining
- New carpet
- Quiet surroundings - close to town
NB: Roof and exterior of windows just been painted
Large bathroom includes toilet and large shower over bath
Internal access single garage
NB: new carpet and decor throughout each unit (unit 2 new carpet downstairs only)
Pt Sec. 609 Town of Palmerston North
Land Area: 1012m
Flat 1 $220pw
Flat 2 $200pw Will be rented at $220 per week while property on the market. Rent will increase to $230per week when marketing ceases.
Flat 3 $220pw
Flat 4 $195pw (increased to $225pw in sixty days from 18/04/2011)
Total Income $835pw ($43,420pa) $895pw ($46,540pa fully let income)
Return Examples: (on fully tenanted numbers)
1,012m² / 0.25 acres