Residential
More from realestate.co.nz:
Agents News

32 King Street, Mangapapa, Gisborne

The Mangapapa Money Maker

dollar

Negotiation

House
House
Bedroom
7
Bathroom
2
Floor area
333m2
Land area
868m2
Title type
Freehold
On this page:

Property details

Listing # TA3221 | Listed on 16 March

This is a rare opportunity to secure a solid investment with two dwellings on one title, offering immediate rental income and future potential.

The front home features three bedrooms and two living areas, with the added convenience of a second toilet, making it ideal for families. The rear dwelling offers three bedrooms with an open-plan kitchen and living area, providing comfortable and functional living.

Currently returning $650 per week for the front home and $550 per week for the rear, this property generates a combined income of $1,200 per week.

With an RV of $948,000, rates of $7,850.42, and great tenants who would love to stay, this is a ready-made investment with reliable income from day one.

Key Features:

Two dwellings on one title

Combined rental income of $1,200 per week

Healthy Homes Report available

Professionally managed by The Agency Property Management

Subdivision half completed, subject to titles being issued

Contact Karyn or Shannon today to request the information pack and a copy of the Sale and Purchase Agreement. View by appointment only.

Your notes
Add notes for your personal reference. This can only be seen by you.

Additional features

Roofing: Steel/G-Iron, Corrugated Iron
Exterior Cladding: Mix.Material, Fibre Cement
Lot Features: Partially Fenced
Internal Features: Insulation - Ceiling, Insulation - Floor

Schools and childcare in the area

$
$
% p.a.
years
$0 per week
Contact the agent
Name  (required)
Email  (required)
Phone  (required)
I'd like to enquire about:
Your message
A young family with pets illustration