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290 Malfroy Street, Pomare, Rotorua

Multi Investment Flats & Proven Gross Income

dollar

$939,000

House
House
Bedroom
6
Bathroom
3
Floor area
194m2
Land area
1558m2
Covered park
3
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Property details

Listing # L42350988 | Listed on 26 August

Here's a rare chance to secure a fully tenanted, three-unit investment on a generous 1,558sqm fee simple site, the kind of entry-level opportunity that doesn't sit on the market for long.

All three two-bedroom units are in good overall condition and each comes with its own single carport.

Why you'll want to invest this one:

-Strong rental income of $67,600 gross per annum, with great potential to add further value over time
-Generous on-site car parking for all three units
-Underpinned by 1,558sqm of fee simple land, zoned Residential, offering the opportunity to add further value, subject to council approval
-A sunny-facing aspect and good car parking make this a genuinely appealing future development position
-A convenient, sought-after location close to schools, shops, supermarket and public transport

This is a genuine entry-level investment opportunity and not to miss.

Call Eden on 021 183 7271 or Michael on 021 212 7256today to arrange a private viewing.



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Additional features

Water closet
3 Separate toilets

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