3 Units on 948m2 of Freehold Land, Mangere, Auckland. 9% Return

3 Units on 948m2 of Freehold Land, Mangere, Auckland. 9% Return

Other Sold - Mangere East Manakau

3 Properties on one Title. This means a big saving on rates. 🙂

9.65% Return. On the lower rent.
Price $420,000.00
Vine St, Mangere East, Manukau, Auckland.

2 Bed House in the front.
2X 1 Bedroom units on the back.

Family occupying the property currently.
Rental Appraisals as is / after light Reno
2 Bed house, Rent $280/310pw
1 bed unit, Rent $250/260pw
1 bed unit. Rent $250/260pw

land Size: 948m2
Building Size: 190m2
GV: $390K (3 bed homes in Mangere with GV’s of 270K are selling for $340K++)
Rates: $2,159.94
Garaging: 3 car carport
Front House build early 1900’s. Renovated in the mid to late 1900’s
Middle unit build mid to late 1900’s
Back unit build late 1900’s

This property gets lot of sun during the day and just needs some TLC / light renovation (Approximately cost $10K) Its solid construction is made of brick, block(between the units), Stucko and fibrolite. The roof is made up of Tile on the front house and iron on the back units. Joinery is timber on the front and middle unit and Aluminium on the back unit. This property is very liveable for families as the kids can play outside where the sunny area is. There is a large open carport.

This location is close to schools, shops and transports. Early childhood centre; Mangere East Family Service Centre, Happy Days Day Care, Middlemore Childcare Centre. Primary schools; Sutton Park, Mangere East School, Kingsford School. Secondary schools; Southern Cross Campus, and Otahuhu College.
This property is only a few 100 yards for Massy Rd, Massy rd is a major arterial route and a sort after position. Very handy to eveything in South Auckland

Mangere Town Centre is only 10mins drive. Short 10mins drive to Manukau City centre by the South-Western Motorway and 15mins drive to Auckland Airport. Buses around the area available and heads directly to Auckland Central.