Description

This multi-income property presents an excellent opportunity for investors looking to generate consistent rental returns. Comprising two 2-bedroom units, it has been upgraded with fresh internal and external paint, new carpet, and compliance with Healthy Homes standards. You can purchase it for $565,000 or opt for a renovation at $525,000, giving flexibility to tailor the property to your needs. Each unit is estimated to yield $470-$490 per week in rent, ensuring strong and reliable cash flow. The property boasts a 9% yield on the purchase price, reflecting its strong rental potential in a prime location that’s easy to maintain. Situated in a well-established area, this property is ideal for first-time investors or those seeking a low-risk, hands-off investment with promising returns. It’s ready to rent out immediately, making it a hassle-free choice for buyers who want immediate income without the headache of renovation work.

Address

  • City BLENHEIM
  • Zip/Postal Code 7201
  • Country New Zealand

Details

Updated on January 13, 2025 at 10:40 am
  • Price: $565,000
  • Bedrooms: 2
  • Rooms: 2
  • Bathroom: 1
  • Property Type: Residential Investment Property
  • Property Status: For Sale

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