2C/9 Victoria Street

Auckland Central Auckland

142 m²

Apartment

Currently for sale - view listing

Overview

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

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.