243 St George Street, Papatoetoe, South Auckland, 19% Below GV, 10% Net Return.

243 St George Street, Papatoetoe, South Auckland, 19% Below GV, 10% Net Return.

Unit Sold - Papatoetoe Auckland

ATT: Buy and Hold Investors – PAPATOETOE – Golden Circle Location

243 St George Street, Papatoetoe, South Auckland, 19% Below GV, 10% Net Return.

Price $125,000. (Agents please remember to always ad your fee to this price)
+ $7-$10K Reno Total Max Cost $135K or do the work your self and save.

New GV $155,000.
Freehold Unit built 1970s
1 Bedroom.
1 Bathroom.
Block of 16
46m2
Top Floor Unit
1 carport / off street parking
Rent $300 per week after Reno
Net Yield / Return 10%
Rates $1,054 pa
Body Corp $1,300 pa
Total $2,354.00 pa

The unit needs a Reno, apx cost $7-$10K, And You can do the Reno before Possession Date

Access to this block of units is off both St George Street and Central Avenue.
Construction – concrete block, brick and wooden joinery with a tiled roof.
Open plan kitchen, dining and living area.
One bedroom with built in wardrobes.
Bathroom with shower, vanity and laundry facilities. Separate toilet.
One carport, off street and secure.

School Zones: Papatoetoe Golden Circle (one of the most desirable school zones in Sth Akl)
Kindergarten, Playcentre, Primary, Intermediate and Secondary schools within 1km.
Opposite the unit is a top school, Central Primary and within an easy walk is Papatoetoe High School and Hunters Plaza in Great South Road.
Other facilities like the train station, Library, RSA and Middlemore Hospital are all close by.
2 minutes to motorway exits, 10 minutes to the airport.

This property is in a great spot, handy to everything.