19B Fastnet Street, Alexandra, Central Otago

An outstanding opportunity to secure an investment property comprising two individually tenanted flats on a single title - a smart addition to any property portfolio. Ideally positioned in a central location, the property is within easy walking distance of Terrace End shops, supermarkets, and local amenities, ensuring strong tenant demand from such a practical central location. Each flat is well configured, offering two bedrooms, a bathroom complete with shower, toilet, and vanity, a functional kitchen with integrated laundry facilities, and a comfortable living area. A heat pump in each flat provides year-round comfort. The front flat (approximately 63m2) benefits from a modern single garage, along with a storage shed, while the rear flat (approximately 56m2) enjoys off-street parking and partial double glazing. Set on an easy-care section requiring minimal upkeep, this is a hassle-free addition to any investment portfolio. Currently returning a combined rental income of $935 per week, the property will be offered with vacant possession for Flat 1 and a periodic tenancy in Flat 2, with a tenant who would be happy to remain. Photos of Flat 1 are available upon request, along with the property information files - enquire today.

By Negotiation

Note: each unit is priced at $425,000 each. Get in quick to take your pick! Buy any unit and receive a $1,000 fuel voucher on settlement - courtesy of the vendor! Three smartly presented two-bedroom units offering a fantastic opportunity for both homeowners and investors alike. Each unit features a generous lounge with heat pump, separate kitchen and bathroom, creating comfortable and practical living. Built in 1970, the units are constructed with reliable brick cladding and aluminium joinery for low-maintenance ownership. Positioned privately down a driveway on a 948m2 (more or less) section, the grounds are tidy and easy-care with room for your own gardens, lawn space and shelter provided by established silver birch trees. Each unit has its own carport at the front along with a clothesline and storage shed to the rear. Located in a sought-after part of Palmerston North, the property is zoned for Palmerston North Boys' High School, close to Palmerston North Hospital and within easy walking distance to the city centre. Healthy Homes compliant and currently returning $1,430 per week, this is a smart addition to any portfolio, a great chance to secure multiple dwellings on one title or an affordable home! Call me today or come along to the open home!

By Negotiation

This block presents a genuine multi-income opportunity in a well-established rental area. Three self-contained flats on one title provide immediate scale and a strong yield profile. The units are straightforward and functional, designed for consistent occupancy and ease of management, and all have undergone recent renovations. There is potential scope for further development to the site. The location supports ongoing tenant demand, with amenities and transport links close by. For investors focused on numbers, structure and long-term hold potential, this is a practical portfolio addition. Contact me for further details and viewing times. Will not be sold prior. RV $870K and weekly rental $410p/w each unit.

By Negotiation