287 Great South Road, Manurewa, Auckland - Manukau

Nestled in the heart of Manurewa, Auckland, this impressive Freehold property boasts 7 bedrooms and 4 carparks, sitting on a spacious 961m2 land. Constructed in 1972 with brick walls and tiled roof, the building is in a good condition both inside and out. The property, categorized as Residential - Rental flats, is located in a quiet cul-de-sac, with easy access to amenities and transportation. The Capital Value (CV) has seen a remarkable increase of 37.93% from $1,160,000 in 2017 to $1,600,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,532,500, making it a sound investment with potential for further growth.

With a rental potential of $1,700 per week, two of the three units are currently tenanted, while the third remains vacant. Each unit is well-maintained with a simple, open-plan layout, ideal for both living and investment. The property's location is a key highlight, being close to Te Mahia train station, shopping areas, and highly regarded schools such as James Cook High School (Decile 1) and Manurewa South School (Decile 1), providing an excellent educational opportunity for families.

Don't miss this once-in-a-lifetime opportunity to secure a property that not only offers a steady cash flow but also holds significant potential for future development. This is the investment that could set you up for a secure financial future.

Updated on April 16, 2024