Purpose-built in the 1960s and recently refurbished, this outstanding three-flat property is simply one of the best investment opportunities we've seen.
Lovingly and carefully self-managed by the current owners for the past 13 years, it has generated a strong income of $77,740 per annum across three tenancies, with virtually 100% occupancy during this time.
Each of the three 2-bedroom flats is beautifully presented with upgrades including modern kitchens, updated bathrooms, fresh interior paint, new carpet, and polished timber floors. Each flat also comes with its own dedicated off-street car pad.
Perfectly positioned to capture superb sun, the north-west orientation provides light-filled interiors and expansive, bush views across the Karori Hills and beyond.
This is a rare and versatile opportunity - ideal for astute investors wanting to grow their portfolio, or for those seeking a home with an income stream to help pay the mortgage. With interest rates trending down and property remaining a tangible, trusted asset, the long-term confidence in this investment is clear.
Located in a desirable city-fringe position, just 10 minutes' drive to the CBD with bus stops nearby, this property combines convenience with lifestyle appeal.