Be Fast This One Won't Last!
12A Ruihi Street, Victoria, Rotorua - $499,000
This is a very rare find in Rotorua. One block from the CBD this is an affordable investment opportunity that's cashflow positive, low maintenance and on a freehold piece of land.
About the Property
Dual income character property (1920's) consisting of two, 2 bedroom units on a small easy care section. The exterior is Stucco and the roof in iron with plastic spouting. There is a combination of wooden & aluminium joinery. Each unit has its own carport and private fenced outdoor area. They are fully insulated in the ceiling and under the floor.
The character style of the home means it has high ceilings which gives an amazing spacious feeling to the interior. There is an open plan kitchen/dining area that has a gas heater to warm this area. The carpets are tidy and an olive green colour. The walls are painted in a neutral cream colour. The kitchen area has wooden cabinetry with a stainless steel bench top and a good amount of storage space. The lounge is accessed off the hallway and is a good size with another gas heating system. The carpet near the hearth does need re-stretching (Approx cost $80).
Each unit has two double bedrooms, each of these bedrooms has its own wardrobe. The hallway also has storage cupboards. The bathroom has an acrylic shower with original vanity. There is a separate toilet area.
One of the tenants has lived in her unit for 14 years and has made it her home and would love to stay on.
This property is a turn key opportunity to purchase with great tenants in place and with no urgent upgrading required. Possible ways to improve the property would be to replace vanities (approx $400 each) and replace toilet pans.
Due to the location of this property you could also go the whole hog and completely repaint, re-carpet, new kitchen, new bathrooms and have a couple of stunning executive apartments.
Close to CBD, supermarkets, hotels, walkable distance to all amenities.
Debbie Van Den Broek
Licensed Salesperson - REAA 2008
021 131 6119