Cash Cow, Do up on 800m2 subdividable $698k
House Sold - Manurewa East South Auckland
Attached: Traders, Developers and Buy & Hold Investors
Cash Cow, Do up on subdividable land. 800m2+ in a good area.
Price: $698,000 (All Agents welcome, please remember to ad your fee to this price)
Greenmeadows Avenue, Manurewa East, Auckland
804m2 of subdividable Land. We have had a surveyor confirm in writing that you can subdivide & build another house on the front of property without moving the excising house or garage.
Large 6br Family Home,
Large separate single lockup garage with carport in front.
Land Area: 804m2
Floor Area: 180m2
Site cover: 90m2
Wall Material: Weatherboard
Roof Material: Tile
It could do with a do up or if you wanted you could just leave as it is and rent it out.
Rented as is:
Top flat: $400p/w
Bottom Flat: $400p/w
Or As one whole house: $600p/w
After a reno:
Top flat: $500p/w
Bottom Flat: $500p/w
Or As one whole house: $800p/w
Est Cost to reno; paint inside & out, 2 new bathrooms and 2 new kitchens, carpet, vinyl. $50k
3 Bedrooms upstairs and 3 down. Currently rented as 2 flats and has been for years. Has an “illegal” extra kitchen downstairs (vendor is happy to remove for settlement should the new buyer wish) Everything else is permitted and legal.
The location of this property is superb, within close proximity to local shops in Manurewa Village & public transport and 20mins drive to Auckland Airport. Children can walk to Greenmeadows Primary school and there is a bus stop just up the road to take you anywhere. The train is only 5 minutes walk away.
- 6 bed
- 2 bath
- 2 rooms
- Built 1965
- Land is 804 m²
- Floor Area is 180 m²