Positive cash flow is king and the owner is seriously motivated to sell. Whichever way you look at this investment property, all the numbers work. Projected gross rent roll $38,480 per annum, C/V $345,000, asking price $375,000, which equates to a massive 10.2% gross yield.

This investment offers an excellent opportunity for the first time investor to kick start their real estate investment portfolio or for the mature investor looking for good cash flow.

There is immediate upside with this property, just bring the paint brush and a little bit of mucking in and you will reap the rewards. The complex represents 4 purpose built studio units nestled on 857m2 freehold land and within a very easy walking distance to the hub of Whakatane and local amenities. Each unit is complemented with its own kitchenette, bathroom facilities and courtyard.

The property provides its occupants with a secure environment in which to live. Professionally managed, and in demand from prospective tenants where long term tenancies are the norm, makes this an appealing investment.

Contact the listing agent for an appointment to view