$1630 rental!3 Home&Income! Westlake Zone, Top area Milford North Shore!

HUGE rental $1630!New rental appraisal is $1720 to $1820. 3 LEGAL INCOME houses,1 title. HIGH 4.26% return!(this top area average is 2.78%).

Top schools(Westlake boys& girls, Takapuna Intermediate).Central Milford, can walk to Milford beach ,schools, hospital.

710sqm zoned mixed Urban (terrace house possible).

To rent out for HUGE rental, or live in one house and rent out other two to support loan of $1.55M or $2.98M!(Estimate at current rate).

3 income houses on 1 title, with separate power and water meter. Front house has two units (both 2bedroom).Floor areas are 80sqm and 60sqm(Est).At back is 90’s house, 2 level,4 bedrooms, 2 bathrooms, lake and Rangitoto views. Floor area is about 100sqm.

Totally 8 bedrooms,4 kitchens, 4 bathrooms, 9 to 10 car parkings.

Facts for price index: CV is $1.38M (year 2017). Council under valuated it by missing out value of 2 houses: Value of improvements (houses) shows $180,000, which was not enough value even for one unit. Valuation in 2017 was $1.785M. This is to clarify any possible misguiding by mistakes and foggy figures.

Available:Title,LIM(new), New rental appraisal Valuation(2017).

Great potential are yours:

1).Sit on Goldmine, enjoy HUGE rentals.

2).Expand/Renovate  for a more comfortable living & higher rentals.

(Current property condition is just average, by just some inexpensive cosmetic touch-ups, you can polish this diamond to make it more shining).

3).Explore the potential of this urban zone land.

$1,986,600.Neg.What a good buy!Smart buyer will identify this gold mine and hugely benefited!(Pls refer to nearby similar sold properties to see this property’s outstanding value).

Unit 1 has good tenants on fixed term till Feb.2021. Can be flexible for new owner.

Have too many photos, so only uploaded some photos here.

Contact 0210792016. (Pls mention “Milford sell”).