109 Vincent st, 1 Bedroom 36m2 Freehold Auckland City Apartment. 10% Net Return

109 Vincent st, 1 Bedroom 36m2 Freehold Auckland City Apartment. 10% Net Return

Apartment Sold - Auckland Citiyi

109 Vincent st, 1 Bedroom 36m2 Freehold Auckland City Apartment. 10% Net Return

Price $142,000.

Rent $320 per week. Existing tenant wants a 12 month lease.
Net Return 9%
I know of other identical units in this block that have just been rented to long team tenants for $350p/w The owners have added a big TV, new bedding and a divider. The xtra cost is about $1,500.00 This would give a 10% Net Return

Body Corp: $2739.04
Rates: $1084.92
Total Out Goings $3,823.96

The Rodney Apartments
109 Vincent st,
Auckland City
1 Bedroom
Property type: Apartment
Floor area: 36m2
Balcony: Yes
Parking: Lots of off Street Parking
Freehold
No Car Park.
Good Building

Perfectly located on leafy Vincent St, a minutes walk to all the city has to offer and only a couple of minutes walk to Queen Street, close to AUT and Auckland University.
Convenience store next door and Esquires coffee shop across the road.
Completely self contained, very tidy and spacious apartment on the fourth floor on the favourable North West corner of the popular Rodney building.