Nestled in the dynamic core of Otahuhu, 18 Atkinson Avenue stands as a prime investment opportunity on a freehold site. This residential complex, built in 1970 with mixed materials and an iron roof, both in good condition, comprises six one-bedroom flats, each with a bathroom, on a levelled 675sqm section. The property, with a floor area of 250sqm, has seen a significant jump in its government valuation, from $1,400,000 in 2017 to $1,900,000 as of June 2021, reflecting a 35.71% increase. The HouGarden AVM estimates the property's worth at $1,910,000, making it an attractive prospect for investors.
History shows that this property has been a steady source of income, with potential for further renovations to enhance rental returns. The Business Mixed Use zoning on this site opens up a world of possibilities for development and commercial ventures. Its strategic location, close to the Otahuhu Shopping Centre, motorway access, and train station, adds immense value for those seeking a strong commercial presence in the area.
For families, the property falls within the Otahuhu College zone, a secondary school with a decile rating of 1. This versatile six-unit investment is a golden opportunity to diversify your portfolio, embark on a development journey, or leverage its prime location for commercial success.
Updated on September 06, 2024
adresse | distance | nombre de chambres | nombre de salles de bain | superficie du bâtiment | date de vente | prix de vente | source de données | |
|---|---|---|---|---|---|---|---|---|
 | 0.35 km | 20 | 10 | 0m2 | 2024 12 12 | - | Council approved | |
 | 0.30 km | 3 | 1 | 170m2 | 2024 11 05 | - | Council approved | |
 | 0.15 km | 4 | 3 | 158m2 | 2024 10 14 | $865,000 | Council approved | |
 | 0.43 km | 4 | 2 | 150m2 | 2024 09 24 | $1,055,000 | Council approved | |
 | 0.06 km | 4 | 1 | 156m2 | 2024 08 01 | - | Council approved |