Invercargill City Median PriceInvercargill City Median Rent | A53 Bowmont Street, Appleby | $194,000 listed in Sep 2017 | House: 4 3 | Building size: 150 sqm | Land size: [Measure] |
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Map | Street view | Nearby | Property Description: | Perfect for investors of all levels combining less risk with renovation potential. Three separate units with rents ranging between $120 - $180 gross per week. Enough to keep the cash flowing but room to increase the rents with renovations. One tenancy has been in place since December 2007 and wants to stay on. Current tenants are looking for long term. Unit one is rented for $123 p/w, unit two was previously rented for $180 p/w and unit three is rented for $150 p/w. Two near new heat pumps and some newish floor coverings. Close to town and walking distance to S.I.T make this attractive to student renters. *Yield rate based upon return rates when fully occupied (52 weeks). |
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