26k below RV + 7.4% yield!

4/11 Burns Street , Christchurch, Canterbury

Property Details

  • Type
    SOLD
  • Location
    Christchurch, Canterbury
  • Price
    $272,000
  • R.V.
    $305,000
  • Yield
    7.4%
  • Property Size
    70
  • Bedrooms
    3
  • Bathrooms
    1
  • Carparking
    Single Garage

26k below RV + 7.4% yield!

 

This is NOT a typo! This investment gem is about to fly out the door so get in quick!

If you have been searching for an entry level investment property, that comes fully furnished, currently rented and can be purchased under the RV…the search is over!

My vendor has enjoyed a long and successful tenure with this property but due to a change in lifestyle it has come time to liquidate and enable the next lucky purchaser to reap the rewards of excellent cash flow and instant equity.

Split over two levels, the first floor comprises of 2 bedrooms, bathroom and a kitchen with an open plan living area that flows out to a private rear courtyard. The upstairs level features a 3rd large bedroom with built in wardrobes. For the purchaser with a vision, they will be able to see the opportunity that this unit holds to unlock instant equity and increase rent through minor improvements.

Located strategically close to all the action that the city has to offer, main arterial this unit represents and exceptional opportunity at an exceptional price! This will be sure to entice buyers and future tenants at all levels.

Contact our team immediately today to secure this exceptional opportunity and grab yourself a bargain before Christmas!



 

 



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