Sold
1-4/158 Crinan Street,
Appleby, Invercargill
Price withheld
Property details
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Agents
Ray White Invercargill: Progressive Realty Group Limited Licensed (REAA 2008)
33 Arena Ave, Invercargill 9810
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Chattels
- Stove
- Rangehood
- Extractor Fan
- Light Fittings
- Floor Covers
- Curtains
- Drapes
A Fantastic Investment Opportunity!
This well-presented block of four adjoining two-bedroom flats offers an excellent opportunity for investors looking to add a solid, income-producing property to their portfolio. Set on a generous 1,012sqm (approx) site, the total building area is approximately 300sqm, with each flat offering around 75sqm of floor area.
Built in the 1969s, all four units are currently rented, providing an immediate rental return with current rents ranging from $380 to $410 per week per flat. Combined, the four units currently generate $1,595 per week, equating to approximately $82,940 in gross annual rental income.
Each unit features two bedrooms, its own heat pump, separate bathroom and toilet, single-glazed aluminium joinery, curtains/drapes and bathroom extractor fans. Three of the four flats are supplied with a fridge/freezer and washing machine, while the fourth tenant has their own appliances.
With four units under one ownership, all currently tenanted, this is a particularly appealing opportunity for those seeking multiple income streams from one property. The combination of four separate rental incomes, a sizeable 1,012sqm landholding and approximately 300sqm of total building area makes this an opportunity well worth considering for investors looking to strengthen their portfolio or take their first step into multi-unit property investment.
Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents. Land and floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e. Regional/City councils, Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.
Built in the 1969s, all four units are currently rented, providing an immediate rental return with current rents ranging from $380 to $410 per week per flat. Combined, the four units currently generate $1,595 per week, equating to approximately $82,940 in gross annual rental income.
Each unit features two bedrooms, its own heat pump, separate bathroom and toilet, single-glazed aluminium joinery, curtains/drapes and bathroom extractor fans. Three of the four flats are supplied with a fridge/freezer and washing machine, while the fourth tenant has their own appliances.
With four units under one ownership, all currently tenanted, this is a particularly appealing opportunity for those seeking multiple income streams from one property. The combination of four separate rental incomes, a sizeable 1,012sqm landholding and approximately 300sqm of total building area makes this an opportunity well worth considering for investors looking to strengthen their portfolio or take their first step into multi-unit property investment.
Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents. Land and floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e. Regional/City councils, Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.
Explore the area
School catchments
- St Joseph's School (Invercargill) Full primary Years 1-8 State integrated 0.62km
- Southland Girls' High School Secondary Years 7-15 State 1.2km
- Invercargill Middle School Primary Years 1-6 State 1.3km
- New River Primary Primary Years 1-6 State 1.5km
- Fernworth Primary School Primary Years 1-6 State 1.8km
- St Patrick's School (Invercargill) Primary Years 1-6 State integrated 2.0km
- Newfield Park School Primary Years 1-6 State 2.2km
- St John's Girls' School (Invercargill) Full primary Years 1-8 State integrated 2.6km
- Aurora College Secondary Years 7-15 State 2.7km
- Waihopai School Primary Years 1-6 State 3.0km
- Southland Boys' High School Secondary Years 7-15 State 3.0km
- St Theresa's School (Invercargill) Primary Years 1-6 State integrated 3.0km
- Ascot Community School Full primary Years 1-8 State 3.0km
- Te Wharekura o Arowhenua Composite Years 1-15 State 3.4km
- Windsor North School Primary Years 1-6 State 3.4km
- Verdon College Secondary Years 7-15 State integrated 3.6km
- Waverley Park School Primary Years 1-6 State 3.8km
- Salford School Primary Years 1-6 State 4.2km
- James Hargest College Secondary Years 7-15 State 4.3km
- Tisbury School Primary Years 1-6 State 4.5km
- Aparima College Secondary Years 7-15 State 26.8km
- Central Southland College Secondary Years 9-15 State 31.8km
- Menzies College Secondary Years 7-15 State 39.4km
- St Peter's College (Gore) Secondary Years 7-15 State integrated 56.2km
- Māruawai College Secondary Years 7-15 State 56.9km
- Waiau Area School Composite Years 1-15 State 60.4km
- Northern Southland College Secondary Years 7-15 State 75.8km
- Blue Mountain College Secondary Years 7-15 State 88.1km
- The Catlins Area School Composite Years 1-15 State 100.4km
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 Team Rachel & Hayden
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Team Rachel & Hayden
1-4/158 Crinan Street, Appleby 9812
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Team Rachel & Hayden
1-4/158 Crinan Street, Appleby 9812