DUAL INCOME OPPORTUNITY
Do your sums - This wont last!
Looking for an investment or a live in one and rent out the other scenario? This property is situated only 5 minutes to the CBD and is not one to miss! Presenting a 2 bedroom flat upstairs and a unit downstairs currently returning a total of $585 per week in rent in dual income.
Conveniently located in the popular Frankton suburb so local amenities are only minutes away and within walking distance to the Lake. Each rental has its own separate access along with its own power meters. The opportunities are here to renovate and add value or take advantage as a home and income scenario.
THE GROUND LEVEL: presents an open plan 1 bedroom unit with a kitchenette, laundry, separate shower and toilet. The tenant has occupied this unit for 7 years and would like to stay on and is currently paying rent of $220 per week.
THE UPPER LEVEL: features 2 bedrooms with a separate kitchen, dining and living room along with a laundry and bathroom. The tenant has occupied this unit for 10 years and would like to stay on and is currently paying rent of $365 per week.
Our investor owners have their eye on a commercial sale so their instructions are to sell.
If you would like to receive an information / disclosure pack or would like a private viewing, please contact Leon Mitchell on 027 389 4714 or Chane Lewis on 021 204 3133.
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.
For Sale
$499,000
Property ID:
EHR14585
Legal Description:
Lot 2 and Flat A, DP 10803 and DP 47127 , Firstly an estate in fee simple as to an undivided 1/2 share in all that parcel of land containing 539 square metres (more or less) being Lot 2 on Deposited Plan S 10803 and Secondly an estate in Leasehold under Lease number L H781007.2 being Flat A on Deposited Plan S 47127 Both the first and second estates being comprised and described in Certificate of Title SA40D/349.
Year Built*:
1920-1929
Exterior Construction:
Weatherboard - Timber
Roof:
Corrugated Iron
Joinery:
Other
House Area*:
120 square metres (approx)
Bedrooms:
3
Chattels:
Stove, Fixed Floor Coverings, Blinds, Curtains, Light Fittings,
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.
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