Positioned on a generous section in popular Allenton, this established investment delivers two separately tenanted flats currently returning a combined $710 per week, with both tenants keen to stay.
The one-bedroom front flat returns $340 per week, while the two-bedroom rear flat returns $370 per week and features an updated kitchen and bathroom. Both flats are Healthy Homes compliant, with established tenants providing instant income from day one.
With $36,920 in gross rental income per annum, a substantial footprint and plenty of scope to enhance and add value over time, this is an investment that stacks up.
It may be an older home, but that's also where the opportunity lies. Secure the income now, add value when it suits, with low stress and minimal worry, then explore the potential for creating extra value in the future.
With current rents not having been increased recently, there may be further potential returns available.
Two tenancies. $710 a week. A big Allenton section.
Do your sums. This one makes sense.
Viewing strictly by appointment - call now to view!
(Information sourced from RPNZ/PropertySmarts and not verified)
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