Four Flats on Two Freehold Titles
Here's your chance to secure a solid investment close to the CBD. Sitting on two freehold titles with a combined land area of 805sqm (more or less), this property offers four flats currently returning a total of $1,400 per week.
• 1 x one-bedroom
• 2 x two-bedroom, one with garage and one with a car port
• 1 x three-bedroom
All units are tenanted, providing immediate income. While the flats would benefit from modernising and a tidy-up, the great location ensures ongoing demand. With some upgrades, there's strong potential to increase both rental returns and long-term value. The combined land value is $625,000 (zoned high density) and the combined CV's are $990,000. The combined council and regional rates are $10,846.67.
This is a popular area, close to the city centre, making it a smart choice for investors looking for a project with upside. Call today for more information or to arrange a viewing on the preferred days of Tuesdays or Sundays.
Property ID:
ERT20634
Legal Description:
3A - SA59D/977 ON LOT 1 DPS 74443 3 - SA59D/978 ON LOT 2 DPS 74443
Exterior Construction:
3- Concrete, Stucco/3a - Concrete, Concrete Block
Roof:
Corrugated Iron (3 & 3a)
Joinery:
Timber, Aluminium (3a)
Land Area:
805 square metres (approx)
Bedrooms:
8
Garaging:
Single
Chattels:
Fixed Floor Coverings x4, Heat Pumps x4, Light Fittings x4, Free Standing Stoves x4,
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.
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