Nestled in the vibrant suburb of Otahuhu, Auckland, this impressive dual-site property on 6 Atkinson Avenue boasts a generous 857sqm of land area with a floor space of 340sqm. Constructed in 1970 with concrete walls and tiled roof, this freehold property is designed as Residential - Rental flats (purpose built), encompassing 20 bedrooms across 12 units. The property has seen a substantial CV increase of 35.71% from $1,750,000 in 2017 to $2,375,000 as of June 2021, reflecting its investment potential. The latest sale records date back to 2002, highlighting a growth trajectory.
With a HouGarden AVM valuation of $2,170,000, this fully tenanted property presents a stable income stream with the added benefit of potential rent reviews. The site's Business - Mixed Use zoning allows for a variety of development opportunities. Otahuhu College, a secondary school with a decile rating of 1, is in the vicinity, adding to the property's appeal for families.
Centrally located, the property is close to transport links and amenities, ensuring convenience for tenants. This is a unique opportunity to acquire a high-yielding investment with significant scope for future development in a sought-after school zone.
Updated on December 13, 2024
Address ng Kalye | Distansya | Bilang ng Kwarto | Bilang ng Banyo | Sukat ng Gusali | Oras ng Pagkabenta | Presyo ng Pagkabenta | Pinagmulan ng Data | |
|---|---|---|---|---|---|---|---|---|
 | 0.29 km | 4 | 3 | 158m2 | 2024 taon 10 buwan 14 araw | $865,000 | Council approved | |
 | 0.13 km | 4 | 2 | 150m2 | 2024 taon 09 buwan 24 araw | $1,055,000 | Council approved | |
 | 0.10 km | 6 | 6 | -m2 | 2024 taon 09 buwan 01 araw | $1,500,000 | Council approved | |
 | 0.20 km | 4 | 1 | 156m2 | 2024 taon 08 buwan 01 araw | - | Council approved | |
 | 0.34 km | 3 | 1 | -m2 | 2024 taon 06 buwan 20 araw | - | Council approved |