Grab this opportunity before someone else does. Rental demand in Wairoa is strong, and vacancy rates are very low.
The property is centrally located in Wairoa Township, and is close to schools and town services. There are two units, sitting on one title here. Each unit is a basic two bedroom set up with a separate lounge, combined kitchen and dining, and shower over bath. A small laundry room opens to the back door.
Each unit is well fenced to three sides. There is potential to add more units to the rear sections. Both units have been recently insulated in the ceilings and under the floorboards. (Certification is available). Some exterior maintenance is required to both units, whilst 116 Lucknow has had some recent internal refurbishment.
118 Lucknow Street's weekly rental amount is $180. 116 Lucknow Street's weekly rental amount is $230. RV for the whole property is $133,000 (2018/2019). Rates for the whole property are $5150.34 or $2575.17 per unit (2018/2019).
Further photos will be available in time. Contact Kimberley on 027 355 4464 to discuss whether this property is suitable for your `buy and hold' portfolio.