Positioned just moments from the New Plymouth CBD, this purpose-built block of four one-bedroom units on a single freehold title is a rare and rewarding find.
A proven performer, the property has recently generated a combined $1,280 per week when fully tenanted, with clear potential to achieve even more. Three long-standing and reliable tenants are eager to stay, providing instant income security and peace of mind for the next owner.
Two of the units include bonus study/utility room with grassy outdoor access and garden sheds - perfect for added functionality or tenant appeal. The remaining two enjoy sunny decks with access to a shared clothesline and additional storage. Each unit comes equipped with a heat pump and off-street parking, ensuring comfort and convenience for all residents.
Options abound - live in one and rent the rest, refresh interiors to maximise returns, or simply hold long-term for reliable income and future capital growth.
Opportunities like this are tightly held and seldom available.
