Mr Easy buy; this residential investment is so achievable for the first time investor, just buy and set. This is a classic purpose built investment offering a whopping 7.8% yield on the asking price. The current annual rent roll $42,900 is OK. But an independent rental appraisal suggests that a weekly rental return of $300.00 per week per unit should be easily achievable which equates to an impressive 7.8% yield.
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The property offers 3 large purpose built 2 bedroom units nestled on 1012 m2 free-hold Park like grounds. Good street appeal and surrounded by quality real estate, with an easy commute to Pukekohe amenities and public transport makes this property an attractive option from prospective tenants.
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Demand from prospective tenants is very high, which is demonstrated by the high occupancy rate, with long term tenancies being the norm, thus creating a hassle-free appealing investment.