22, 24, 26 Oxford St and 63 Cambridge Tce, Kaiti, Gisborne

Better than the bank!

Well as the saying goes, if it makes dollars it makes sense and so this property certainly does!
Situated on the sunny, elevated intersection of Cambridge Terrace and Oxford Streets lie these four one bedroom flats, each with tenants in place. While number 63 has had a recent cosmetic refresh which demonstrates the current potential, you may like to follow suit with the others or possibly explore the option of extending or enlarging the existing dwellings as the land area totals 1,329sqm - and with each being on their own freehold title, this will give the new owner greater options.
With a rental appraisal of $280-300/week per flat at this price you can surely see the benefit in the potential 7.68% return.
Vendors have decided on their next project.