7 bedroom block of apartments for sale

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7 bedroom block of apartments for sale

Coltman Street, Hull
£215,000

Price History

Initial price £250,000
15/11/23 £230,000
21/08/24 £215,000
Price Change -14.00%

Description

This investment opportunity presents a block of four flats, each with its own kitchenette and bathroom, which are currently occupied by seven tenants. The property generates a significant annual rental income of £29,120, resulting in a 13.5% yield. The tenants have been in place for some time, making it a low-maintenance investment for landlords seeking a stress-free addition to their portfolio. The tenants are responsible for paying their own gas and electricity bills, providing an added layer of convenience for the investor.