Listing Description
8.7% Gross Return
1/81 Normandy Avenue, Melville, Hamilton, Waikato
Asking price $609,000
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Capital value (CV) | $640,000 |
| Agency reference | LC21290 |
| Broadband in the area |
Description
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.
Call Vaughan today to organise your inspection.
Open home times
Property Files
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