An opportunity awaits for savvy investors looking to secure a well-performing residential investment in Castlecliff.
Comprising of 2 x two-bedroom and 1x three- bedroom flats, this fully tenanted property delivers an immediate income stream with a current gross rental return of approximately $66,040 per annum. With three separate tenancies already in place, investors can enjoy instant cash flow from settlement.
Set on a generous 1,471m² (more or less) freehold section, this property offers excellent holding income with room for improvement.
Property Features:
* 2 x two-bedroom and 1x two bedroom currently rented as three bedrooms.
* Established tenancies
* Current gross rental income of approximately $66,040 per annum
* 1,471sqm (more or less) freehold section
* Off-street parking
* Attractive investment with multiple income streams
* Close to schools, public transport, local amenities and Castlecliff Beach
Investment opportunities offering strong rental returns and multiple income streams are becoming increasingly difficult to secure. Whether you’re looking to expand your portfolio or acquire your first multi-unit investment, 19 Ruapehu Street deserves your attention.
