Monster Cash Flow $920 And Potential Project

SOLD - This listing was sold in April 2018
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.

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Main Property Features

Listing Number: WL32627

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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Licensed REAA 2008

Licensed REAA 2008

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Harcourts Wellington City

Team Wellington Ltd

Licensed REAA 2008

Level 1, 54-56 Cambridge Terrace
Te Aro
Wellington
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