Bargain Buying! Dual Living Home & Income
Unbeatable value at this price! Our seller wants to move on with her plans and just needs this sold! With a current rateable value of $900,000, 774 and 774a Whangaparaoa Road presents an incredible opportunity priced at $795,000. This legal income and income property is perfect for savvy investors or first-time buyers looking to maximise on their investment. Situated in a prime coastal location, this property offers not only a comfortable lifestyle but also a steady income stream and sea views!
Upstairs you’ll find a two-bedroom home with a spacious living area and partially covered deck. Enjoy sea views while sipping your morning coffee. The north-facing orientation ensures ample sunlight and warmth.
Downstairs offers another two-bedroom residence, complete with its own separate power, entrance and letterbox etc. Currently tenanted for $510 per week, providing an immediate income stream for the astute buyer. Add to this the appraised rental income for upstairs of $520 to $570 per week and you have potential for a total income of up to $1080 per week!
Ideal for investors or first-time buyers seeking financial flexibility. The tenanted downstairs flat ensures immediate rental income, helping you offset mortgage costs or build your investment portfolio.
This convenient location, puts you just a short walk from Whangaparaoa Primary school and the Whangaparaoa shopping centre as well as being nice and close to a selection of beautiful beaches and scenic reserves.
A fantastic first step towards a prosperous future – get in touch today!
To download the property documents visit: https://www.harcourtsfiles.co.nz/listings/9NY5
** Settlement and deposit terms flexible
** Other agents: conjunctionals welcome
Property Features
- 4 bed
- 2 bath
- Land is 402 m²