When it comes to residential real estate investing, the adage “location, location, location” holds true. This investment opportunity is ready-made with two great tenants wanting to stay and a central location determining its appreciation potential. Savvy buyers know that location is the most critical factor when it comes to investing, and your property in the heart of Forest Lake is in a key spot. Forest Lake Road connects effortlessly to main thoroughfares – Victoria Street, Te Rapa Road and Mangaharakeke Drive/SH 1C – making city and intercity commuting a breeze. The CBD is a short drive, Te Rapa commerce is moments away and The Base is a nearby. Everything is handy! Forest Lake is sought for its lifestyle convenience, recreational attractions, including amenities at Minogue Park, and proximity to sports stadiums, Te Rapa Racecourse, local schools and cafes.
This investment simply makes sense. It’s tidy, strategically positioned and generates income from two dwellings. Each home has two bedrooms, a decent-sized kitchen and comfy lounge, a separate laundry, and bathroom. There is generous forecourt parking for each tenant and fenced backyards for both properties.
Options include maintaining the status quo by keeping both reliable tenants on, living in one and renting the other, or using the property for multi-generational living or Airbnb. Diverse possibilities exist and with interest rates dropping, now’s the time to be in!
