3 Units, 1 Title. Freehold. 7% Return. Akl Central. $940k
Block Of Units Sold - Otahuhu South Auckland
Attention: Buy & Hold Investors And Property Traders.
Do up now or in the future to ad value.
7% Return As is, Right now.
Otahuhu, Auckland Central.
Price: $940,000,000 (Agents always welcome, just remember to ad your fee to this price)
Fairburn Rd, Otahuhu, South Auckland.
751m2 of Freehold Land on its own title.
3 Units in one building
Unit 1: 3 Bedrooms upstairs with tenants paying $500pw
Unit 2, 3 Bedrooms downstairs front with tenants paying $390pw.
Unit3, 3 Bedrooms at the back of the house with tenants paying $380pw.
Total Rental Income as is: $1,270p/w
Located just a few minutes away from local shops, schools, motorway, colleges and Auckland CBD. This provides great convenience whether you are working in Auckland Central City or Manukau.
Investors looking for Cashflow and development opportunity should look at this ASAP. Otahuhu is a high demand location because it is so close to the city.
This is a Large 751m2 freehold site with a huge 282m2 1920’s 2 storey weatherboard Mansion.
Thats 3 separate incomes with a Total rent of $1,270pw or $66,040pa making this a great cashflow investment. The benefit of a multiple income investment is: if a tenant moves out, as they sometimes do. You still have income. Much better than just having one tenant paying $1300 bucks a week.
- Block Of Units
- Land is 751 m²
- Floor Area is 282 m²