16 Manuka Street, Hokowhitu, Palmerston North City, Manawatu

Located in the heart of Hokowhitu, within walking distance to the Lagoon, Girls' High School, prominent primary schools and Massey University this unique property provides a multitude of living and investment opportunities.

This large nine bedroom well built 1950's home, divided into three independent apartments provides a gross rental income of $86,000 per annum. Each apartment has been tastefully renovated with new kitchens, tiled bathrooms and freshly painted decor throughout.

Flat B is a ground floor three bedroom apartment with a large lounge. Flat A is upstairs with stunning views and four double bedrooms including an en-suite. Flat C is on the upper level with a separate entranceway and balcony and features two double bedrooms, also with views.

All have established tenants in place yet could easily accommodate a multi-generational family. Two entranceways from the street allows for privacy and off-street parking.

Invest wisely and reap the reward's of an excellent investment in this leading location.

* Some images have been virtually staged.