Potential Plus on York Street
Invest in these classic and well-maintained 1970's concrete block flats, close to the Waikato University. 5 x 2-bedroom Flats, and 1 x 1-bedroom flat, four of which have recently been refurbished. All 6 flats currently tenanted returning $1910 per week in total. Fixed tenancies in place with one periodic. A building report, LIM report, and recent rental appraisal will all be available by 19th March.
Flat 832m2 site situated at the end of a Cul de sac and offering plenty of off-street parking or room for future development.
There is a lot of scope to add value. All six flats on one title. Here's a couple of ideas for a future opportunity...
1. You could convert the downstairs double garage to a one-bedroom flat.
2. You could also convert the large upstairs flat from two bedrooms to three bedrooms.
An easy walk to the Waikato University, Parks, Bus Routes, and Excellent shopping in nearby Clyde Street including The Warehouse. Prime Hamilton East location. Be quick, call Jason or Joy today to arrange a viewing.
Viewing by appointment only.
The owners have loved owning this block, as it was their first-ever rental property and the start of their current portfolio. Now they've decided to cash in their chips and leave the rest of the potential to the next generation so don't pass up this opportunity.