16 State Highway 1, Waiouru, Ruapehu

Two units with good yield

This could be your next rental investment which has potential to yield eight percent with both flats rented out at $200 per week. Or you could live in one and rent out the other. The Waiouru rental market is buoyant with large employers nearby. This could also make your ideal first rung on the property ladder. The tenants have recently moved on and the Vendors have decided it is time to sell.

It comprises two two-bedroom flats on a classic quarter acre section (approximately) which allows room for a garden, pets and children. There is a single garage for each flat and ample off-street parking.

The flats need some TLC but also have had recent work done including insulation installed plus the roof has had a walkover and repairs done, including new guttering. Flat one has a new fireplace with a Code Compliance Certificate.

Contact me to inspect this very affordable property proposition.