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Let's call a spade a spade here.
This could be a rental rocket, with huge returns. Currently receiving $360 per week, but with a rental appraisal at approx $450 per week...this could be a steal!
That's grossing $23,400 per year...for this price?
Well the catch is, banks aren't going to lend you money for this one. But on the plus side, no interest payments in the current environment means even higher net returns.
Argus house was built in 1920 and currently falls below the earthquake rating standards for Auckland. Meaning the vendor is realistic and open to offers to move the property on after owning it for all of the 21st century.
If you don't know about the progress being made in earthquake stregthening technology, or you aren't up to date with where Auckland may be heading ith regards to it's earthquake prone buildings....but you're someone wanting a smart deal...then you should give us a call.
Get in touch to arrange a viewing.
Note: The chattels in the photos may vary from what is being sold, please check the chattels list if this is important to you.
