Listing #LC21290 350 Views
8.7% Gross Return
4 Bed
4 Bath
127 m² Floor
1/81 Normandy Avenue, Melville
$609,000
If you're looking for a high-yielding investment or a house to live in with flatmates to give you additional passive cash flow then you must consider this unique property.
The property consists of a communal living and dining area, and four studio apartments, each with their own kitchenette & bathroom. Designed to be rented by room, the current rent totals $1.020 per week with upside possible. Annualised that equate to an 8.7% return on the asking price.
Situated alongside Waikato Hospital, public bus routes and an easy walking distance to shops and public reserves. The long-term prospects are bright.
Call Vaughan today to organise your inspection.
Map
Take a look around and see what's great about your new neighbourhood.
Check the financials
Our mortgage brokering friends at Total are here to help get your home financing sorted. Check out their mortgage calculator or get in touch for some simple mortgage advice.
Think you belong here?
Find out more about 1/81 Normandy Avenue, Melville