Property ID: eagle_1558367
This double income property on Tay is full of upside. Built in the 1950's, this brick and rough cast, art deco beauty contains 2 units - a 2 and a 3 bedroom.
Currently renting at $840 per week combined, it's returning a healthy 7.66% gross yield on asking price.
But the true opportunity here is the ability to add more value through renovation. With some cosmetic renovation, the combined rental could be increased to $900 per week or more.
Located just a short 650m walk (according to Google Maps) from supermarkets and other conveniences, it's in a handy spot for sure. On the rare occasions it has been advertisied for rent, there has been no shortage of tenants applying to live here.
Whether your new to investing or a seasoned landlord, this property will be a great addition to anyone's portfolio.
Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Local Council and we have not been able to verify the accuracy of the same. Refer to our Passing Over of Information Statement at:
https://www.smr.co.nz/passing-over-of-information
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