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Investors, Take Note! A Rare High-Yield Opportunity in Prime Mount Albert - Over 5.5% gross rental yield.
Our motivated vendor's change in circumstances means this "high-performing investment property" must be sold-creating an unmissable opportunity for savvy buyers looking for strong returns and future potential.
This charming 1900s single-bay villa, full of character and charm, has been legally converted into three self-contained flats, generating a steady rental income of $1,460 per week. That's an impressive 5.5%+ yield, making it a smart addition to any investment portfolio.
The property is on a crosslease title with 3 other dwellings, so it is a 1/4th share of 1434 sqm. For those seeking a unique opportunity, why not live in one flat and rent out the others? Enjoy the benefits of homeownership while your tenants help cover the mortgage, making this an ideal solution for house-hackers or investors looking to maximize returns.
Perfectly positioned just off New North Road, the property offers excellent tenant appeal with its close proximity to public transport, parks, and Pak'nSave. Whether you choose to continue collecting rental income or convert it back into a stunning single-family home, this property offers flexibility and fantastic upside potential.
Opportunities like this in high-demand Mount Albert don't come around often. With no auction and a vendor eager to sell, this is your chance to secure an investment that practically pays for itself.
Act fast - first in, first served!
*Please note: As this is an investment property with three existing tenants, there will be no open homes. An information sheet is available upon request, and we are happy to arrange a private viewing if required. **Please do not enter the property without prior arrangement.***
