About the property

This is a rear opportunity to purchase a block of 6 flats within one of Auckland's highest growth and sought after areas.

Block seated on a 1322m2 freehold section, with plenty of off street parking.

Concrete block dividing walls between the units.

The vendor has completed fencing, interior painting, landscaping, tiling, added French doors and carpet.

This weatherboard purposed build block of flats is in a Prime Location

The flats are fully tenanted as follows:

Unit 1 - $320pw - 3brm
Unit 2 - $180pw - Studio
Unit 3 - $250pw - 2brm
Unit 4 - $270pw - 2brm
Unit 5 - $330pw - 3brm
Unit 6 - $365pw - 4brm

Current income is solid and Cash flow/return can only be improved further as there is some more room to increases rent and add value.

* Rental appraisal available on request.

Annual Rates are: $4,964

* Close to Grey Lynn shops and to motorway and major roads. Direct access to Auckland city/CBD.
* Handy transport links.
* Solid demand for accommodation in the area, and rent been steadily going up in this area.
* Close to Unitec.