Could this be the strongest R.O.I in Whangarei? With a rental appraisal of $330 - $350 per week it might just be... This vacant, one bedroom unit in Otangarei, is an opportunity for savvy buyers. On a flat spacious cross-lease section, this unit offers both front and back fenced yard. The unit includes covered off-street and additional off-street parking options. While the kitchen, bathroom, and living areas are functional, there's room to renovate and modernise to unlock the full potential of this property. With solid bones and only some cosmetic upgrades needed - like a fresh coat of paint and repairing the open garage wall - this home offers a blank canvas. This unit sits adjacent to a large field and is close to key amenities like a marae, church, primary school, kindergarten, and selection of shops, all just a two minute drive away. The neighborhood may have a questionable reputation, but this is your chance to capitalise on a bargain price. Whether you're looking for a fixer-upper project or a rental investment with great potential, this property offers a rare combination of affordability and opportunity. Don't miss out! Contact Simon today to schedule a viewing and discover the possibilities.
Property ID:
EWH18723
Legal Description:
Flat 2 DP 105706 and Shed 2 DP 105706 with a term of 999 years commencing on 01.04.1985 having a fee simple 1/2 share in 941 sqm more or less being lot 356 DP 46371.
Year Built*:
1960s
Exterior Construction:
Weatherboard - Timber
Roof:
Corrugated Iron
Joinery:
Timber
Bedrooms:
1
Chattels:
Stove, Fixed Floor Coverings, Light Fittings, Heat pump(s), Shed
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.