OPEN HOME TO BE HELD AT 233 FOX STREET
Now here is a golden opportunity to acquire a significant rental portfolio with the ease of one real estate transaction.
There are no fewer than five separately fenced houses on this sole title, currently generating $9,381 gross per month and returning a gross annual income of $112,580.
There is the additional potential to subdivide the property into multiple titles, landbank and subsequently develop the land (2352sqm more or less) or retain and manage the investment portfolio as it is, the choice is yours.
The opportunities here are rather comprehensive whichever way you look at it.
Being located in the Hamilton East Special Residential zone with the award winning Hamilton Gardens, Ham East cafe lifestyle, parks and Lugton sports centre and arena within easy walking distance means the portfolio is attractive and sought after by tenants. The proximity to Waikato University, the proposed Ruakura Inland Port, Waikato Expressway system, ring route bus service and brand new supermarket and Mega Mitre 10 also represents value to prospective tenants and landlords alike.
What you need to know:
- Three of the five homes are currently rented on one-year fixed term tenancy agreements which come up for renewal in Jan 2018.
- The houses are a mixture of brick and weatherboard exterior cladding and all have iron roofs.
- All are fully fenced and boast private decks and floor and ceiling insulation.
- There are four separate driveways (two of the houses share one).
- The current owners have looked after the homes well in terms of care and maintenance and several feature modern new kitchens and/or master ensuite and WIR
- The houses are zoned for Knighton Primary, Berkley and Peachgrove Intermediates and Hillcrest High School.
I encourage your early enquiry as initial interest has been strong.