HOUSE 4 Bedrooms 3 Bathroom

Description

***ATTENTION INVESTORS & HOUSE HUNTERS***

*** This property qualifies for tax relief for both owner occupiers and investors*** Please refer to link for further information - corkcity.ie/livingcity

Powell Property are delighted to present this charming period property to the market. This unique property offers a multi-unit investment opportunity with excellent rental returns.
The dwelling consists of 3 self contained apartments, separately metered. It has a fully operating fire detection system and the conversion has been in place for over 10 years.

APT.1 - 1 Bed/1 Bath - 10,500.00pa
APT.2 - 1 Bed/1 Bath - 7,500.00pa
APT.3 - 2 Bed/1 Bath - 11,000.00pa
GROSS RENTAL INCOME - 29,000.00pa
GROSS RENTAL YIELD - 12.08%

The property is in need of refurbishment and is oozing with potential. With strategic property management, the income could surpass 35,000.00pa.

This property may also appeal to house hunters seeking the convenience of city centre based living. The dwelling boasts a generous, private garden to the rear which offers breathtaking views across the cityscape.