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House

349 Queen Street Masterton, Masterton District

Sold for $651,500 on 9 Nov 2020
  • 5 Beds
  • 2 Baths
  • 1 Car
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349 Queen Street, Masterton, Masterton District

House in Masterton

2 HOUSES ON 1 TITLE GIVING 7% GROSS RETURN

  • 5 Beds
  • 2 Baths
  • 1 Car

This exceptional investment opportunity is waiting for astute buyers and it's currently returning 7% per annum.

THE HOUSE is a 3 double bedroom Californian bungalow with office. It has underfloor and ceiling insulation to rental code and comes with an electric heater and a heatpump. Freshly decorated in neutral tones with new drapes and carpets. It also has a garage. Rental Assessment of $440 - $460 per week.

THE COTTAGE has 2 bedrooms (or 1 bedroom and office) and again is freshly decorated and fully insulated in ceiling and underfloor. It's rented out for $230 per week.

Buyers looking for a home and income ... or a double income ... or a home and business opportunity should check out this property. It's zoned commercial with residential existing use rights.

Buyer Enquiry Over $512,000

Set Date of Sale is 2pm 5th November 2020

OPEN HOMES Sunday 25th October and Sunday 1st November 2020 at the cottage between 1 and 1.15 and in the main house 1.15 and 1.45pm.

Features:
  • 2 HOUSES ON 1 TITLE
  • Air Conditioning
Property ID:

MST22902

Building:

180m²

Land:

1,012m² / 0.25 acres

Parking:

single garage and off street parking

Bedrooms:

5

Bathrooms:

2