Home and Income for Sale
- About this property
Cash Flow with PotentialProperty ID CTA31556First time on the market in almost 14 years, this is an opportunity for investors, developers, renovators and even homebuyers looking to occupy and rent the remaining units.
This property has a 3-bedroom house & 3, 1-bedroom units all with designated parking, in sought after Papatoetoe. These properties have never had an issues being tenanted, this neighborhood is sought after for homebuyers and tenants.
The front house has been stripped and prepared for a renovation, the remaining 3 units are presently rented @ $280/week with long-term tenants. The rental figures have potential to increase.
Add value to this property via means of a renovation and maximize on your rental gains, potential to generate $76,000+ per annum across the block.
Zoned as " Mixed housing Suburban" demolish the entire block and build new homes or be creative and subdivide all the units on separate titles, sell a few and keep a few (subject to council approval).
With so many options and so much to gain and very little to lose, and flexible settlement terms this is an opportunity not to be missed. Our vendors are retiring and extremely motivated, my instructions are to sell this property yesterday!
Selling, buying, upsizing or downsizing I would love to speak with you about any of your real estate needs.
Call Iza 022 492 9850 or 09 212 9835 for more information or to arrange an inspection.
ParkingDouble Garage and Double Carport
InteriorHot Water Electric Kitchen Openplan Bathroom Combined Bathrooms Interior Ceilings: Gib / Joinery: Aluminium Interior Condition Fair Floors Single Storey
ExteriorBase Block Fencing Fully Fenced Roof Iron / Concrete Tile Exterior Brick / Roughcast Exterior Condition Fair Aspect Southerly Views Urban Frontage Street Levels Level With Road Amenities Transport / Shops Water Extra Features Town Sewage City
ChattelsBlinds, Curtains, Light Fittings, Rangehood, Stove
OtherBuilt-In Wardrobes, Close to Schools, Close to Shops, Close to Transport, Garden