Residential
More from realestate.co.nz:
Agents News

2C/9 Victoria Street East, Auckland Central, Auckland City

Cashflow is King ! $65,500 NET INCOME!!

dollar

Deadline Sale

Apartment
Apartment
Bedroom
6
Bathroom
4
Floor area
142m2
On this page:

Deadline sale

Thursday
5:00pm
07
May

Property details

Listing # CTA47092 | Listed on 13 April

High-yield opportunity in the heart of the CBD. This six-bedroom apartment at 9 Victoria Street East is a short walk to Auckland Uni, Supermarket and new Aotea train station. It delivers a proven $65,506 net return per annum.

Six Genuine Double Bedrooms
All with natural light and fully furnished with beds, desks, and wardrobes.

Renovated for Performance
$100,000 plus upgrade in 2020 including additional bathrooms to avoid bottlenecks, multiple kitchen prep areas, extra stoves and fridges-perfectly set up for comfortable high-occupancy living.

Flexible Income Options
Rent by the room (currently maximised)
Or large group/student accommodation (walk to campus).

The Numbers:
Gross Income: $94,368 p.a. (After management)
Expenses: $28,862 p.a. (Covers Rates, Body Corp levies, Cleaning, Internet, and Electricity)
Net Profit: $65,506 p.a.

Motivated vendors = real opportunity.

Don't wait, wonder and worry-act now.

All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: floor and land sizes, boundary lines, boundary lines, underground services, scheme plans or consents.

Your notes
Add notes for your personal reference. This can only be seen by you.

Schools and childcare in the area

$
$
% p.a.
years
$0 per week
Contact the agent
Name  (required)
Email  (required)
Phone  (required)
I'd like to enquire about:
Your message

By continuing, you agree to our terms of use and privacy policy.

A young family with pets illustration