New Lynn - Cash Cow! Three Solid Units on 1019m2

Description

Tender: Closes on Thursday 28 November 2024 at 2:00PM (unless sold prior)
An easy investment decision for a savvy buyer is on offer here. Three 1970's solid and dependable block units that are spacious and tidy on a flat bit of land (zoned MHU) in a convenient New Lynn location. How good is that?
All three units have great, long-term tenants currently on periodic tenancy agreements who would love to stay. Units 1 & 2 have two bedrooms and unit 3 has three. Each unit has a north facing courtyard and an undercover carpark and there is common parking for another 3 vehicles. The total rent is currently $1,275 per week so there is scope to improve here (market rent appraisals available). Built to stand the test of time, the complex is generally well maintained including a roof replacement approximately 10 years ago.
Whether you're looking to invest for an ongoing income or land bank for the future, it doesn't get better than this. For sale by tender by motivated owners, so you better get your ducks in a row and make an offer!