Tauranga, Dual Income Property 9.2% yield with $15K equity | New Zealand Real Estate Investment Property Deals.

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JACKIE07

Listing:	TAURANGA, DUAL INCOME PROPERTY 9.2% YIELD WITH $15K EQUITY
Type:	House
Category:	Private Sale	Bedrooms:
Price:	$420,000	Bathrooms:	3+
Region:	Bay Of Plenty	Site Area:	809 m2
Address:	Login	Building Area:

Description:

Investment Property for Sale with a potential return yield of 9.2%

Current Registered Valuation (Dec 2011) $435,000

Asking Price $420,000

Large 6 bed house with 3 bathrooms previously rented by the room with rents ranging from $100 - $160 p/week. Currently receiving $610 p/week for the 2 flats. Have previously returned $685 p/week, giving rental income of $35,620p/a but present market can return up to $740 p/week giving a return yield of up to 9.2%

Currently split into 2 flats

4 bedroom 2 Bathroom Flat downstairs with own access and enclosed gardens.

2 bedroom 1 Bathroom Flat upstairs with own access and enclosed garden.

Additional Photographs:

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