6 x 2 Bedroom Units on 1012m2
Block of six, two bedroom units, split over three blocks of two, all single level. Having two lots of three carports in between each block, situated on one freehold title, on 1012m2 of prime RMD, TC2 land. Constructed in 1960-69, permanent material Summerhill stone, wooden joinery and iron roof.
• 6 x 2 bedrooms flats
• 1012m2 of RMD, TC2 land
• Total Floor Area 330m2
• Each unit has a single carport.
• Good holding income
• Great location positioned close to the CBD.
This block is well maintained and in tidy condition, with most units having been upgraded with tidy kitchen and dining areas with laundry facilities. Good carpets and repainted throughout. Spacious living with heat pumps. Two bedrooms, one double bedroom and one large single with built in wardrobes. Bathrooms with shower over bath, vanity and toilet.
Great holding income of $2,159.00 per week = $112,268.00 per annum. Good long-term tenants in place with potential to increase rental return.
Zoned RMD, TC2 on 1012m2 of land, great land bank for future redevelopment. There are six single carports and room for off-street parking.
Prime location on the edge of the City East in Linwood, this property is both handy to the Central City, Eastgate and Stanmore Village shops and public transport. Close to Polytechnic, Aqua gym Swimming Pool, Te Pou Toetoe and Linwood Park close by.
This is an ideal investment block of flats for any investor wanting multiple income streams in a great rental location.