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6 bed flat
St. Annes Road, Cradley Heath B64
£475,000
St. Annes Road, Cradley Heath B64
£475,000
Our Summary
- This income generating investment is producing a rental of £3,875 pcm - £46,500 pa And has scope for further rental increase
Description
This freehold block of six self-contained flats is located on a popular high street, close to a train station, bus station, and supermarkets. The property is generating a rental income of £46,500 per annum, with potential for further increase. The flats are individually metered and have their own council tax bands, making it a ready-made investment opportunity. The property is sold with tenants in situ, who are responsible for their own bills, council tax, and internal repairs and maintenance. The flats vary in size and layout, ranging from studios to two-bedroom apartments, and offer a range of amenities including kitchens, bathrooms, and living areas. With a current rental income of £3,875 per month, this property presents a solid investment opportunity for anyone looking to generate a steady income stream.