13 Investment Properties in Tawa

Excellent sought after Tawa location for this large residential investment property

* 8 x 3 bedroom residential flats
* 4 x semi detached bedsits
* 1 x 3 bedroom stand alone house

* Rental income in excess of $173,000 per annum
* Stable rental history and budget available
* Current owners of 16 years and manage themselves
* Recent upgrades include new roofs and exterior painting
* Large land holding of 4,900m2 approx
* Many upside options
* Tidy and well located

Residential flats 1 to 8 comprise of downstairs, separate lounge, separate dining area, toilet and laundry, upstairs there are three bedrooms, and a full bathroom. Weekly rental range $300.00 - $305.00 each per week.

Residential bedsit flats 9 to 12 are 1 bedroom bedsits. Weekly rental $150.00 each per week.

Modern 3 bedroom stand alone home with open plan living, double glazed, decks. Weekly rental $340.00.

A total of 13 income streams, well tenanted and managed by these owners for many years. A maintenance programme has been in place, with some recent exterior repainting, and new roofs done on the two main blocks.

RV $1,400,000
Annual rates $7,318.00