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Mangapapa

244 Stout Street, Mangapapa, Gisborne

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5 Bedrooms
2 Lounges
2 Bathrooms
693sqm Land area SQM
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Multiple opportunities, multiple options


Multiple opportunities and multiple options with this fantastic duo of dwellings ready for a new owner.

This would suit an extended family, or the astute investor that recognises the value of a dual income stream. Alternatively, live in one, and let the rent from the other help pay off the mortgage.

The main house has been fully renovated and is very inviting, with three good-sized bedrooms, lovely open plan living and large kitchen. Insulated and heat pump, plus new plumbing and electrics.

The additional two-bedroom dwelling at the rear of the property is modern, light and bright with sunny deck to make the most of Gisborne's weather, and perfect for a small family or couple.

The orientation of the dwelling provides good separation and there is great parking on the concreted driveways. Current rental for both dwellings is $1,050 per week, all located on a sizable 693 sqm section.

While all the hard work has been done, there is still room to add value and improve.

Seriously for sale, this is an opportunity not to be missed.

3D Tours and additional information available upon request.

For Sale by Negotiation
Kerry Low

Kerry Low

Residential Sales

Bousfield Macpherson Ltd, Bayleys,
Licensed under the REA Act 2008
Dianne Holland

Dianne Holland

Residential, Apartment and Investment Sales

Bousfield Macpherson Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Home and income


Comfortable family home and additional two bedroom unit with good separation providing home and income opportunities.

Investment


Ideal investment property. Rent both dwellings for a great return on investment. Current rental of $1050 per week.

Location


Close to schools and transport routes

Renovated


Both dwellings fully renovated since 2020, back unit with double glazing.

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Property files

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