Flats 1-4/19 Rodney Street, Otahuhu, Auckland City

Flats 1-4/19 Rodney Street, Otahuhu, Auckland City Block of 4 Flats - Brick, Block and Tile

It's time to be courageous to make an offer under $100,000 under CV and under $200,000 of value on Homes.co.nz and Trademe.

After over 28 years of investment holding, our current owner is ready to pass on the privileges of owning low-maintenance and easy residential rentals.

Total approx. Rent per annum for the four flats is: $87,880

The upside for the new owner is:

• Increase the current rent per week to market rent

• Renovate to increase rent and capital gain

• Subdivide (on existing) each flat to its own title and sell them individually or keep them as capital increase.

• Under MDRS (subject to council approval)– Keep for future developments.

The tenants enjoy the location of this block as being:

• Walking distance to primary and secondary schools

• Easy access to Airport, North and Southern Motorways

• Walking distance to Otahuhu Town Centre and Train Station.

• Few minutes' drive to Sylvia Park, Papatoetoe, and Manukau shopping centres.

Each flat has:

• two large bedrooms

• one spacious bathroom with laundry

• Heat pump

• Rangehood

• Ventilation system

• Carport

• Open Plan living

• Outdoor garden or balcony

You can call now to view and download Lim, title and PIM.

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