Lowe & Co Realty
Real Estate Agents
- Listing #:
- LOWE7055
- Listed:
- 109 days ago
BEO $1,595,000
CASH COW IN MOUNT VICTORIA
28 Austin Street, Mount Victoria, WellingtonResidential House
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- 13 Bedrooms
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- 5 Bathrooms
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- 310m2 Floor Area
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- 406m2 Land Area
About this property
For sale for the first time in 20 years, this amazing investment opportunity combining 4 x 3-bedroom flats and a studio on a sunny site with the huge bonus of off-street parking for two cars. This is a rare chance to buy a cash cow investment in a prime location for tenants who want location. Features include:- Immediate returns - current rentals are approx. $520 per week +$750 per week + $500 per week + $550 per week + $405 per week = annual income of $141,700!
- 4 x 3-bedroom flats and a studio that will appeal to a wide range of tenants, from students to professionals to couples
- Sitting tenants in three of the units, already there's immediate cashflow for when you take over
- Potential to increase returns through cosmetic improvements to capitalise further
- Sought after Mount Victoria location, elevated for sun and views in one of Mount Victoria's popular streets - attractive to tenants because of its proximity to downtown, the waterfront, and the walkways and cycle trails of the town belt
- Off-street parking for up to two cars in an inner-suburb where parking's at a premium
- Unbeatable location for tenants who love to walk everywhere, from neighbourhood bars and eateries to everything iconic about city living, from Oriental Bay to the Basin Reserve to Courtenay Place
- Buyer Enquiry Over $1,595,000
This high-yield configuration is one to add to the portfolio! Cash cows like this are seldom for sale, especially in this location! Call Emma Young Team for a private viewing or come to the next scheduled open home.
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