Deceased Estate offering…
These 1960's flats have never stop performing as an investment and they will continue for you when you secure this opportunity. This money maker has attracted long term tenants with some having been in situ for over 20 years. The location is key for these flats having always been sought after by quality tenants being on the edge of the Papakura CBD.
Being built of brick in the 60's they have stood the test of time and will continue too for many more years to come. Consisting of 3 two bedroom flats all on their own cross lease titles and set on a 1576m2 site of Mixed Housing Urban giving you the best of both worlds... receiving rent whilst you build on the rear part of the section or simply hold the property and watch your money grow. The total annual income of $64,480.00 will surely see you end up with a positively geared property despite not offering a deposit.
The properties address sees itself well located to take advantage of the local amenities with the bus at the end of the driveway and the train station being 1 km away. The schools are literally on your doorstep and just a further short walk to countdown shopping centre.
The properties are currently Healthy Homes compliant and have been professionally managed for many years with only a small amount of deferred maintenance required. This truly is and opportunity for investors and developers alike to benefit by owning this wonderful piece of real estate.
A set and forget opportunity enquire now... Graham Clark on 027 564 2700 or Marleigh on 021 170 1951.