MOEREWA
2 x 3 Bedoom Houses
1100m2 Site
8.8% Yield
$920 per week - $47,840pa
See attached new deal I'll have under contract soon at $515,000 with 8 days DD. The last signature is signing tonight apparently but has told me verbally it's under contract and if it goes live it will be PBN. (Not yet live)
Im sure ill get an rental appraisal for $430-$450 each per week given the demand up North
8% Yield at $430: $559,000
8% Yield at $450: 585,000
Vacant possession
Both have Healthy Homes certificates (Ones a glitch saying failed on draughts but its actually passed)
2 x identical units on one freehold title
Separated by a single carport each.
2 double bedrooms
Bathroom with shower over bath
Good size lounge with heat pump
Kitchen with upright stove
Separate toilet
Separate Laundry
Each has a Large spacious covered deck
Fully fenced with a gate, flat easy care section.
Plenty of off street parking.
Large parcel of land which could allow tiny cabins on them to add extra rooms in the future.
Subdivision potential
Price: $659,000
Gross Yield: 8.8 %
Rental: $1,100 per week ($57,200pa)
Land: 1011m2
Building: 200 m2
Bedrooms: 6
Bathroom: 2
Please contact me if you’d like further info.
Shane Carruthers
021 182 6547
[email protected]
Im sure ill get an rental appraisal for $430-$450 each per week given the demand up North
8% Yield at $430: $559,000
8% Yield at $450: 585,000
Vacant possession
Both have Healthy Homes certificates (Ones a glitch saying failed on draughts but its actually passed)
2 x identical units on one freehold title
Separated by a single carport each.
2 double bedrooms
Bathroom with shower over bath
Good size lounge with heat pump
Kitchen with upright stove
Separate toilet
Separate Laundry
Each has a Large spacious covered deck
Fully fenced with a gate, flat easy care section.
Plenty of off street parking.
Large parcel of land which could allow tiny cabins on them to add extra rooms in the future.
- Rental appraisal $1,100 per week - $57,200 pa
- Gross Yield is 8.8%
- Cashflow Positive after expenses is $11,000pa or $210 per week
- 2 x 3 bedroom 100m2 units
- Large Freehold 1,011m2
- Corner-site
- $550 per week + $550 per week ($1,100pw) Rental
- Each property has its own drive way etc.
Subdivision potential
- Costings and plans available
- Subdivision quote for separate titles: $26,000 - all services are already in place
- Estimate Value $420-$450k each = Total $840k - $900k
Price: $659,000
Gross Yield: 8.8 %
Rental: $1,100 per week ($57,200pa)
Land: 1011m2
Building: 200 m2
Bedrooms: 6
Bathroom: 2
Please contact me if you’d like further info.
Shane Carruthers
021 182 6547
[email protected]
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