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Welcome to 15 Andrew Street, Tokoroa - This purpose-built investment property is designed for longevity, offering excellent cash flow potential combined with capital growth.
Situated on an 832m2 freehold section, the property features three spacious 2-bedroom units. Currently generating a rental income of $1,080 per week, it has even greater earning potential. An independent rental appraisal suggests a weekly income of $425 per unit, totaling a substantial $1,275 per week-or an impressive annual income of $66,300. This is a banker's delight!
Each unit boasts quality fittings, modern kitchens, and bathrooms, along with open-plan living areas that open onto private courtyards. The property also includes a single carport per unit, plus additional off-street parking.
With good street appeal and a warm, inviting environment, the property is conveniently located close to the Tokoroa town center and essential services.
High demand from tenants is reflected in the property's strong occupancy rate, ensuring a hassle-free investment. It's an ideal choice for both local and absentee investors, offering uncomplicated real estate ownership.
Be the proud owner of this exceptional investment.
Contact Greig Kirby today to arrange a viewing: 0274 916 901
Please allow 48 hours notice for viewing
Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.