Great value Akron property generating 15% NET per year!
- $ 31 500
- House For Sale
- Bedrooms 3
- Bathrooms 1
- Floor area 96.62 sq m
We're pleased to offer this detached three bedroom property in our latest area, Akron. Updates have been done to the property and this Akron property should be a serious consideration for any investor. Not only is the price excellent but tenants are already in place and full management will be offered, ensuring that this will be a good earning property.
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Sold in 2005 for $72, 000, the home has been greatly reduced to just $31, 500 and has every likelihood of capital appreciation over the next few years. And because it is tenanted, you can start earning income from day one. Have a look at the income and expenses sheet on the red link further down in this description for a breakdown. This property in Akron ticks every box for investment.
Akron property details:
Refurbished in August and September 2012, this property is in very good rental condition and is tenanted on a lease to buy contract at $550 per month. The accommodation totals 1040sq.ft and comprises of the following:
- 3 bedrooms
- Living room
- Dining room
The property sits on a plot of 5360sq.ft and benefits from having off-road parking.
As mentioned previously, this property in Akron is tenanted on a lease to buy option at $550 per month. The tenant has a 12 month lease contract with provision they can purchase the property for $39, 000. They have put down a $1000 deposit and $100 of their rent is deducted each month and goes towards the sales price. After the lease has expired, they can renew the lease by paying another $1000 which again goes towards the principle of the property. If a tenant does not proceed with purchasing the property/does not renew the lease contract, they lose whatever funds have been put towards the sale price of the property and the landlord keeps these funds. The tenants are also responsible for all repairs and utilities on the property.
- Listing status: Active
- Available from: Feb 19, 2013
- Listing #: 4755
Latitude / Longitude: 41.081400 / -81.519000