Listed: Fri 24 Nov, 13:44 pm

Buy One, Or Both! $160,000 for one, $320,000 for both!

Do you want a high return 10% gross, high occupancy and low maintenance rental units with a proven capital gain over the long term?

For first home buyers, or property investors, look no further, this is the one for you. Set down a side street close in the Moerewa township are these very tidy one bedroom 46m2 units. Two minutes walk from Moerewa Suprette.

In both units, the bedroom is off the lounge, the kitchen is compact but has plenty of cupboard space. The laundry and bathroom are separate. The two units are attached, have their own titles and are each 1/4 share of 1011m2 (more or less) making them cross-lease sections.

Most importantly, both of these one bedroom units have been managed for an overseas owner by Mid North Real Estate with 99.9% occupancy over the last 10 years.

The rent is $300 for each unit, with 2A set to go up to $320 per week at the end of February making the weekly rent on both $620. This successful arrangement could easily be continued.

In 2014, it had a new roof, with Healthy Homes spec insulation. In 2015, a new septic tank was installed that is shared with both units. In 2022, they were made fully Healthy Homes compliant.

Viewing by appointment only as units are tenanted.

Double Investor Alert in Moerewa

2 Plunket St, Moerewa


Casey Van Engelen

P. 09 401 0895

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