block of flats or multi units
After over 28 years of investment holding, our current owner is ready to pass on the privileges of owning the low-maintenance and easy residential rentals. Total approx. rent per annum for the 4 flats are: $88,140 The upside for the new owner is:
• Increase the current rent per week to market rent
• Renovate to increase rent and capital gain
• Subdivide (on existing) each flat to its own title and sell them individually or keep them as capital increase.
• Under MDRS (subject to council approval)– Keep for future developments.
The location of this block is enjoyed by the tenants as being:
• Walking distance to primary and secondary schools
• Easy access to Airport, North, and Southern Motorways
• Walking distance to Otahuhu Town Centre and Train Station.
• Few minutes’ drive to Sylvia Park, Papatoetoe, and Manukau shopping centres. Each flat has:
• 2 large bedrooms
• 1 spacious bathroom with laundry
• Heat pump
• Ventilation system
• Open Plan living
• Outdoor garden or balcony
Complete the form for viewing and download Lim, title and PIM.