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Monster Cash Flow $920 And Potential Project

Kilbirnie, 11 Tully Street

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Listing Number: WL32627
About this listing
This 1900s bungalow needs your helping hand and has two separate income producing dwellings and the associated cash flow to assist. If you decide to live in it would almost be self-funding. Located in one of the premium areas in Kilbirnie it's on the flat, close to the shops and gets all day sun. This property has been a rental investment for many years and has multiple incomes as the property also has a one bedroom granny flat and a teenager's bedsit - both are self-contained. With a robust rent rolling in this will be popular with investors and home owners alike. Vendors want it sold. Land area 339m² (more or less). Floor area: 100m² approx. Rental appraisal in a renovated state - $1,190.00 per week. Current rental income:
* Front house 3 bedroom - $400 per week on periodic lease.
* Bedist - $200 per week on a periodic lease.
* 1 bedroom standalone flat - $320 per week fixed lease to 10/2/2019.
Property Information
  • Approx Floor Area: 100 sqm
  • Tenure: Freehold
  • Approx year built: 1900
  • Property condition: Fair
  • Property Type: Home & income
  • Garaging / carparking: Off street
  • Construction: Weatherboard
  • Joinery: Timber
  • Roof: Iron
  • Flooring: Vinyl, Carpet and Timber
  • Window coverings: Drapes, Net curtains
  • Heating / Cooling: Electric
  • Chattels remaining: Curtains, Stove x 3
  • Kitchen: Original, Open plan and Finished in Stainless steel
  • Living area: Formal lounge
  • Main bedroom: Double and Built-in-robe
  • Bedroom 2: Double and Built-in / wardrobe
  • Bedroom 3: Double
  • Bedroom 4: Double
  • Granny flat: Separate
  • Main bathroom: Bath, Shower over bath
  • Laundry: In bathroom
  • Views: City, Urban
  • Aspect: North
  • Outdoor living: Clothes line, Garden, BBQ area
  • Fencing: Partial
  • Land contour: Flat
  • Grounds: Tidy
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to shops, Close to transport, Close to schools

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