32 King Street

Mangapapa Gisborne

333 m²

868 m²

House

Currently for sale - view listing

Overview

The Mangapapa Money Maker

This is a rare opportunity to secure a solid investment with two dwellings on one title, offering immediate rental income and future potential. The front home features five bedrooms and two living areas, with the added convenience of a second toilet, making it ideal for families. The rear dwelling offers three bedrooms with an open-plan kitchen and living area, providing comfortable and functional living. Currently returning $650 per week for the front home and $550 per week for the rear, this property generates a combined income of $1,200 per week. With an RV of $948,000, rates of $7,850.42, and great tenants who would love to stay, this is a ready-made investment with reliable income from day one. Key Features: Two dwellings on one title Combined rental income of $1,200 per week Healthy Homes Report available Professionally managed by The Agency Property Management Subdivision half completed, subject to titles being issued Contact Karyn or Shannon today to request the information pack and a copy of the Sale and Purchase Agreement. View by appointment only.