69 Athens Road, Onehunga, Auckland

Located on the border of Onehunga and One Tree Hill this 'Home and Income' duo presents a number of opportunities for purchasers with a vision. Leave as is and have immediate cash flow from the 1920s bungalow and 1990s standalone townhouse or look to renovate, remove (see Council approved resource consent in the information pack) or extend the back house to create a long term family home. What sets this property apart is its large backyard, ripe for development, presenting the possibility of expansion or an additional rental unit. With its versatile layout and potential for dual rental income, this property promises not just a home, but a savvy investment opportunity for those seeking both comfort and financial prosperity in a convenient location.

Step inside to find:

Rear home - character bungalow:

• Two double bedrooms, master with sunroom/study area

• Bathroom with separate bath and shower

• Spacious kitchen with open plan living and dining

• Loft upstairs for storage

• Heat pump

• HRV system

• Large north facing deck and backyard

• Lock up garage plus large utility room

• The rear home was lived in by the owners but now rented returning $685/week

Front home - built 1990s:

• Two double bedrooms

• Modern kitchen & bathroom

• Heat pump

• HRV system

• North facing deck and lawn area

• Carport

• The front house has been used as an Airbnb

• Rental Appraisal if rented full time ($650 - $700 pw)

Airbnb financials (after Airbnb fees deduction):

2018: $50,427

2019: $51,398

2020: $42,687 (COVID impacted)

2021: $42,748 (COVID impacted)

2022: $40,500 (COVID impacted)

2023: $42,198

Benefit from being part of a vibrant central suburb with easy access to all points north, south, east, and west. Land yourself a deal and develop this marvellous site or add a new dimension and put the life back into this 100 year old gem.