5-bedroom house in Cunupia for sale
REDUCED!!! REDUCED!!! REDUCED!!!
2 Residence on Freehold Property– Dass Trace (Cunupia: just off the SMR)
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We are pleased to present to you not 1 but 2 residences (3-bedroom flats & 2-bedroom upper residence), each with its own electrical panel, on a Freehold property. This property is conveniently located just off the Southern Main Road in Cunupia, in walking distance from Max Grill House and Ron’s Friendly Supermarket. Currently the property can facilitate parking for 10+ vehicles (At the front: The enclosed garage with 2 vehicles & covered parking for 4+ vehicles; At the back: Covered parking for 4 vehicles). With adequate parking already existing in front of the property, there is potential to convert the downstairs portion of the residence, at the back, into an apartment. The ”icing on the cake” is that the Seller is motivated to sell has reduced the price from $1.45mil to $1.3mil - which is way below its very conservative Valuation amount, given by bank approved and reputable Valuators GA Farrel & Associates, and prepared for a bank financing the purchase, via a mortgage, for its qualified Buyer. Therefore, it is under priced by the migrating Seller.
To the avid Property Investor, this property provides an opportunity to earn valuable rental revenue in an easily accessible location. With the 2 accommodations, the monthly market rent is $7,500. However, with a 3rd accommodation, the monthly market rent increases and improves the viability and the return on investment for the property.
For those desiring it for their own personal residence, will benefit from being mere minutes from malls/shopping centres, plazas, restaurants, banks, hardware, gas stations, highways, Southern Main Road, groceries, schools, recreational grounds, family entertainment, places of worship/fellowship, etc.. Additionally, the extra accommodation can facilitate extended family members or even be rented out to earn an income.
Take advantage of this opportunity and call to book your viewing appointment today!!! You can follow us on Facebook, Instagram, TikTok for the latest properties on sale: #hummingbirdrealtytt
Property Features:
-2-in-1 property a flat house and an upper storey (Total living space= 3,110 sqft) on Freehold land (4,872 sqft)
-Potential to convert the downstairs portion of the residence, at the back, into an apartment
-5 Bedrooms (3-bedroom flats & 2-bedroom upper storey)
-2 Baths
-Seller is motivated to sell at the reduced price from $1.45mil to $1.3mil (which is way below its very conservative Valuation amount)
-Fully airconditioned
-Parking for 10+ Vehicles
-Water tanks with pump and water heater
-Fully fenced
-Full utilities with security cameras as a business was previously located there also.
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