Sold
1-4/31A Vine Street,
Mangere East, Manukau City
Price withheld
Property details
-
Agents
Ray White Papatoetoe: Noble Realty Limited Licensed (REAA 2008)
66 Great South Road, Papatoetoe Manukau City 2025
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Chattels
- Stove
- Floor Covers
- Curtains
- Garden Shed
- TV Aerial
Rare Investment Opportunity!
Unlock the door to a unique investment with this solid brick and tile gem, making its first appearance on the market in over four decades. This property comprises four separate titles, each home to a 2-bedroom unit that combines charm with income-producing potential.
Key Highlights:
• First-Time Offering: A once-in-a-generation opportunity to acquire a well maintained property held by the same family for over 45 years, now embarking on new adventures.
• Solid Construction: Each unit is built with enduring brick and tile, low maintenance and lasting appeal.
• Flexible Investment: With four individual titles, investors have the flexibility to strategize: sell separately, live in one while renting the others, or maintain as a comprehensive investment portfolio.
• Income Potential: Three out of the four units are currently rented to reliable tenants, bringing in an attractive annual income of approximately $79,820. With the potential to increase earnings over $105,000 per annum once fully tenanted, this investment is as promising as it is flexible.
• Desirable Configuration: Each of the four units features a thoughtful 2-bedroom layout, catering to a broad market of small families, professionals, and downsizers seeking quality living spaces.
• Strategic Location: Situated in a sought-after area, these units promise high tenancy demand and appreciating value, thanks to their convenient access to local amenities, transportation, and community hubs.
This is more than an investment; it's a legacy. A testament to solid construction and timeless appeal, this property is perfect for investors seeking a stable and growing return or those looking to expand their real estate portfolio with a standout offering.
Don't miss out on this unparalleled opportunity to own a significant piece of real estate with promising returns and flexible potential. Contact David-027 324 2038 today to learn more about how you can make this unique investment yours.
Key Highlights:
• First-Time Offering: A once-in-a-generation opportunity to acquire a well maintained property held by the same family for over 45 years, now embarking on new adventures.
• Solid Construction: Each unit is built with enduring brick and tile, low maintenance and lasting appeal.
• Flexible Investment: With four individual titles, investors have the flexibility to strategize: sell separately, live in one while renting the others, or maintain as a comprehensive investment portfolio.
• Income Potential: Three out of the four units are currently rented to reliable tenants, bringing in an attractive annual income of approximately $79,820. With the potential to increase earnings over $105,000 per annum once fully tenanted, this investment is as promising as it is flexible.
• Desirable Configuration: Each of the four units features a thoughtful 2-bedroom layout, catering to a broad market of small families, professionals, and downsizers seeking quality living spaces.
• Strategic Location: Situated in a sought-after area, these units promise high tenancy demand and appreciating value, thanks to their convenient access to local amenities, transportation, and community hubs.
This is more than an investment; it's a legacy. A testament to solid construction and timeless appeal, this property is perfect for investors seeking a stable and growing return or those looking to expand their real estate portfolio with a standout offering.
Don't miss out on this unparalleled opportunity to own a significant piece of real estate with promising returns and flexible potential. Contact David-027 324 2038 today to learn more about how you can make this unique investment yours.
Explore the area
School catchments
- Sutton Park School Full primary Years 1-8 State 0.58km
- Māngere East School Full primary Years 1-8 State 0.68km
- King's College Secondary Years 9-15 Private 0.83km
- De La Salle College Secondary Years 7-15 State integrated 1.1km
- Southern Cross Campus Composite Years 1-15 State 1.2km
- Otahuhu College Secondary Years 9-15 State 1.3km
- Te Kura Māori o Ngā Tapuwae Composite Years 1-15 State 1.4km
- Papatoetoe North School Primary Years 1-6 State 1.5km
- St Mary MacKillop Catholic School Full primary Years 1-8 State integrated 1.6km
- Moanaroa School Primary Years 1-6 State 1.6km
- Robertson Road School Full primary Years 1-8 State 1.9km
- Favona School Primary Years 1-6 State 2.0km
- Otahuhu School Primary Years 1-6 State 2.1km
- Jean Batten School Primary Years 1-6 State 2.1km
- Kedgley Intermediate Intermediate Years 7-8 State 2.1km
- Koru School Full primary Years 1-8 State 2.1km
- Fairburn School Primary Years 1-6 State 2.3km
- St Joseph's School (Otahuhu) Full primary Years 1-8 State integrated 2.3km
- McAuley High School Secondary Years 9-15 State integrated 2.4km
- Pacific Advance Secondary School Secondary Years 9-15 State 2.4km
- Aorere College Secondary Years 9-15 State 2.6km
- TKKM o Mangere Composite Years 1-15 State 2.9km
- Mangere College Secondary Years 9-15 State 3.2km
- Al-Madinah School Composite Years 1-15 State integrated 3.7km
- Auckland Seventh-Day Adventist H S Secondary Years 9-15 State integrated 3.8km
- Zayed College for Girls Secondary Years 7-15 State integrated 3.9km
- Sir Edmund Hillary Collegiate Senior School Secondary Years 9-15 State 4.3km
- Papatoetoe High School Secondary Years 9-15 State 4.3km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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Contact David Lu
Contact David Lu
David Lu
1-4/31A Vine Street, Mangere East 2024
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David Lu
1-4/31A Vine Street, Mangere East 2024