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Posting for 2+ years
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7 bedroom house in Raikes Parade, Blackpool, FY1 4EY

Blackpool, Lancashire

£250,000.00

Posting for 2+ years

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Posted
1 hour ago
Seller Type
Agency
Property Type
House
Number Of Bedrooms
7

Description

Below Market Value

Income Producing Block of 7 Self Contained Apartments
* 3 x Studio Apartments and
* 4 x 1 Bed Apartments

Raikes Parade, Blackpool, FY1 4EY

Purchase Price = £250,000

Finderâ--s Fee = £4,000 + Vat

Current Gross Income = £3,128 pcm = £37,536 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £1,673 pcm = £20,076 per annum

Self Managed = £2,048 pcm = £24,576 per annum

For a limited time only, we have managed to secure an income producing block of 7 self contained apartments within proximity to Blackpool City Centre.

The property is fully HMO licensed and has been refurbished recently. Please note 2 of the studio apartments share 1 bathroom

We are awaiting some info from the owner and have factored in costs (assuming the landlord pays the bills). Please note that the cashflow would increase significantly if the tenants pay their own bills. Any interested parties, please contact us and we will confirm either way.

The property is conveniently situated in a location within proximity to great transportation links, City Centre, local shops and all local amenities the city has to offer.
Agent: Property Investor App Limited
Agent Ref: 000061020_42

Ad ID: 1423673278


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