153B Fraser Street, Tauranga South, Tauranga, Bay of Plenty

This 1970's solid brick, central Avenues property presents a myriad of unique opportunities for many types of markets. Situated on a freehold, high-density zoned site in the heart of Tauranga Avenues, this two-story, four-bedroom townhouse offers multiple possibilities; live in the large 2 story home, or invest, renovate, or rent out.

Featuring four bedrooms, two bathrooms, a double garage, and at least three additional parking spaces, the home is perfect for comfortable family living, with 2 beds, 1 bath, kitchen, living, and wrap-around outdoor patio upstairs. Downstairs are 2 bedrooms, 1 bathroom with shower, a laundry room, entryway, internal garage access and sliders from the larger bedroom out into the back garden. The current owners installed new plush grey carpeting throughout, is not shown in the current photos.

Alternatively, you could live upstairs and rent out the downstairs, or with slight modifications, convert the layout into two self-contained units-two bedrooms upstairs with a bathroom, kitchen, and lounge, and another two-bedroom unit downstairs with a bathroom, separate laundry, and potential for full self-containment.

For investors, the rental yield for a four-bedroom home is already attractive, but with compliant modifications to create two separate two-bedroom units, the potential return becomes even more appealing.

Don't miss this versatile and unique investment opportunity! Call me at 021 711 636 to arrange a viewing and explore the best strategy for you. Whether you choose to rent, live in, or develop in the future, this property is a rare find in a rapidly growing city.

Please see property files and four bedroom rental appraisal here: https://www.propertyfiles.co.nz/GDL31358

*Photos are old and not 100% representative of the property today.