Features
- Self-Contained Flat
- More than 2 living areas
- Find a Property
- Residential
- Commercial
- Farm/Ag
- Rentals
ID#401651
Kelburn
Wellington Central
PBN
6
3
Approx
190m²
(≈2,045.14 sq.ft.)
Approx
471m²
(≈5,069.8 sq.ft.)
proudly marketed by
Matt Thorn
Lowe & Co Realty
University Investment Starter
Location is the key to desirability with rental property. This three flat property is in a supreme location that will ensure its popularity with tenants. It's close to Victoria University's Kelburn Campus and the city. The boutique shops, brewery and cafes of Aro Valley are just down the road and the shops and cafes of Kelburn are just up the road. Fantastic. Walking to work in the city is a breeze and for anyone studying or working at the University it is a dream location. This investment will provide you with positive cash flow. The configuration and current rentals are:
- Currently rented for $1270 per week.
- Top Flat A: 2 bedrooms; $395 per week fixed to 11 December 2017
- Middle Flat B: 3 bedrooms; $520 per week fixed to 3 January 2018
- Lower Flat C: 1 bedroom; $350 per week fixed to 21 June 2018
- Rental Appraisal $1325 to $1455 per week.
- RV $680,000
There is plenty of room for growth with these rentals as a current rental appraisal places the property as between $1325 and $1455 per week. This is a wonderful opportunity to enter the investment market or add to your property portfolio. It adds up to an ideal solid
Keywords
Property Type
- Investment
Agent
Matt Thorn
Lowe & Co Realty
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Experience, professionalism and success are the result of hard work and dedication. This is what you will find with Matt, his work ethics are second to none; an admirable quality that makes Matt stand out from the crowd. His work is meticulous and detailed, not only because it’s good business, but because he prides himself in his work. Having Matt represent you will give you superior placement above the competition. He is more than qualified to do the best job. When selling real estate, one person can really make the difference. Especially when they have the passion, experience and resources that Matt offers. Matt is proud to be a part of the Lowe & Co team. Together they offer a winning combination.
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