Glass Miles Limited Mreinz
Real Estate Agents
- Listing #:
- GMR12034
- Listed:
- 20 days ago
$849,000
Cash Flow Investment
48 Heywood Terrace, Richmond, CanterburyResidential House
-
- 3 Bedrooms
-
- 3 Bathrooms
-
- 3 Living Rooms
-
- 524m2 Land Area
About this property
Presenting a unique property offering a remarkable opportunity with multiple income streams. Situated on a 524sqm (more or less) of MRZ zoned land in a great location, this investment promises both immediate rental returns and future land-banking potential.The residence spans 220sqm (more or less) and has been divided into three separate flats, enhancing versatility and maximizing investment returns. Flat 1 consists of one bedroom an open-plan kitchen and living area and a bathroom. Flats 2 has one large bedroom separate kitchen and living areas and a bathroom. Flat 3 is upstairs with a large sunny bedroom separate lounge, kitchen and a bathroom.
• Current Rental of $1,130.00 per week
• $58,760per annum from one periodic and two fixed-term tenancies
• Configuration: 3 x 1-bedroom flats
• Land area: 524sqm (more or less) of freehold land zoned MRZ
Great alternative to a block of flats!
This property is poised to deliver a strong positive cash flow.
Be Quick Phone NOW for details...
Source: Property Guru, Vendor, CCC.
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