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49 Burnley Terrace, Mount Eden, Auckland City

$2,999,000

Mt Eden Investment Cash Cow

Welcome to 49 Burnley Terrace, Mount Eden, a rare and lucrative investment opportunity that promises substantial returns. This exceptional property features four two-bedroom flats, each with a bathroom, perfectly blending modern & original character. Currently generating an impressive $2710 per week, this property is a money-printing asset that ensures a steady stream of income from day one.

Each of the four flats boasts a well-designed layout, offering two bedrooms and a functional bathroom, catering to tenants' comfort and convenience. The flats feature a mix of charming original details and contemporary updates, appealing to its current tenants. Situated in the highly sought-after Mount Eden, this property benefits from excellent connectivity & proximity to key amenities, including schools, parks, shops, public transport and CBD.

All four flats and yields a remarkable $2710 per week, making it an investor's dream. The strong rental demand in Mount Eden guarantees low vacancy rates and a reliable income stream, making this property a sound investment for the future.

Disclaimer - This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consent

Additional details

Type

House

Property ID

MGB30711

Listed on

29/05/2024

Updated

yesterday

Open Homes1

Sat, 21 Sep

01:15PM - 01:45PM

Data

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Property data

Broadband available

Floor area

278m²

Land area

641m²

Unitary Plan

Zone 19 Residential - Single House Zone

About the area

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Time (yrs)

5 yrs

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Flooring

Total estimated cost is flooring

$16,017.30

This estimate is fully inclusive of carpet, underlay, accessories and installation but excludes travel and floor preparation, if required.

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Mount Eden, Auckland City

Mount Eden is a suburb which lies within the Territorial Authority of Auckland, one of 269 residential suburbs which form the wider region. Mount Eden is the 9th largest suburb of Auckland in terms of the total number of residential housing stock. Mount Eden provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1800 - 1809. The majority of the residential housing stock in the locality was constructed between 1920 - 1929. Residential housing stock in Mount Eden is made up of approximately 95% residential housing and 5% residential investment housing properties.

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