Investment property with an edge. This property offers 4 x 2 bedroom units on a good-sized section and with a lockable garage for each unit. They are north-facing, hassle-free and rented to tenants who look out for each other, creating a safe living environment.
All units have been confirmed as being Healthy Homes Compliant, assessed by an independent third party. Reports are available upon request.
Each unit has a heat pump, a combined dining/lounge, a separate kitchen and a combined bathroom/toilet. There is insulation fitted above the ceilings and underfloor to keep winter chills away.
Living at the property is a joy for the tenants, all wish to stay on for the new owner. The property manager has reported that all tenants are very good at paying rent when it is due, looking after the units and also looking out for each other.
The section is tidy and in an easy-to-maintain state.
If the new owner wanted to add value there is potential by water-blasting and spray painting the roof. Other minor cosmetic improvements could be made, however, they are very good as they are right now.
Another potential value-adding avenue is the potential to subdivide, subject to council consent.
Potential gross yield of 6.47% without having to do anything.
This property is fantastic for cash flow and long term wealth creation.