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Lodge Real Estate - Rototuna
Real Estate Agents
- Listing #:
- L37683436
- Listed:
- 11 days ago
$609,000
8.7% Gross Return
1/81 Normandy Avenue, Melville, HamiltonResidential House
-
- 4 Bedrooms
-
- 4 Bathrooms
-
- 127m2 Floor Area
About this property
If you're looking for a high-yielding investment or a house to live in with flatmates to give you additional passive cash flow then you must consider this unique property.The property consists of a communal living and dining area, and four studio apartments, each with their own kitchenette & bathroom. Designed to be rented by room, the current rent totals $1.020 per week with upside possible. Annualised that equate to an 8.7% return on the asking price.
Situated alongside Waikato Hospital, public bus routes and an easy walking distance to shops and public reserves. The long-term prospects are bright.
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