Cashflow investment

53 Acacia Avenue, Upper Riccarton


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Cashflow investment | 53 Acacia Avenue, Upper Riccarton | 5515325 |      X Close

Cashflow investment

Auction (unless sold prior)

From 10am, Thurs 24 June 2021

3 Deans Avenue, Christchurch

This textbook student rental is on offer in the heart of the student rich Upper Riccarton. With six bedrooms, this property offers a high cash flow to its next owner.

Three bedrooms sit at the front of the house and are serviced by the first bathroom. This has the original shower over a bath, toilet and vanity. The lounge is in the centre of the house alongside the kitchen/dining and this area is heated by a heat pump. Two more bedrooms are at the rear of the house and are serviced by the second bathroom. Access to the fifth bedroom is off the rear deck, the final bedroom is a sleepout at the rear of the garage.

Currently, the property is fully tenanted by a group of students who pay $870 per week and are on a fixed-term lease until the end of November 2021. This property was fully repaired post-quake and has full insurance.

Sitting on 688sqm of TC1 Suburban zoned land, this property is the ideal cash flow addition to your portfolio.

- Six bedrooms

- Two bathrooms

- 688sqm of TC1 suburban land

- Tandem garaging

- Managed repair

- Close to Bush Inn and University of Canterbury

- 130sqm house

The property boasts a large backyard and ample storage in the garage for the students to enjoy.

Our vendor is intent on freeing up some cash for another project on the go. Get in touch to find out how this property would improve your portfolio and secure your future on the 24th June at the Investment Auction Day.

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53 Acacia Avenue, Upper Riccarton

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