Palmerston North Property

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Tall Poppy Manawatu and Palmerston North
Great Investment or Home & Income
Why have one when you can have two rentals on the same title! In fact, there are many ways to maximise your return here, maybe you could rent out the double garage (plus studio/rumpus) as a third income stream?? Do the sums and you will find the potential return offered here is not to be overlooked! The front house - is a well presented, solid home with a lot to offer in the rental market. It consists of three good sized bedrooms, a large living room (featuring a wood burner to heat the space) and a separate kitchen / dining area. (The current owners suggest the rental to be in the mid $400's and the house will be vacant on sale). The back house - a tidy one-bedroom property that offers a small but comfortable open plan living area and a separate bedroom. The bathroom has a shower, laundry, and toilet. Out front there is a private decking area screened from the front home. (Currently tenanted at $270 per week). The garaging - provides lots of additional storage! The sizeable garage has two roller doors and can accommodate two vehicles plus storage. Off to the side is a rumpus room that could do with a lick of paint and a bit of love but is a great additional space. (Unknown return if rented separately). The owner is questioning his reason for selling - and I am wondering too? Returns like these are a thing of the past! If you are looking for a property with excellent yield or a way to cover off a sizeable chuck of your mortgage, then this could be the one for you. To top it off, it might be possible to subdivide into two (subject to council approval of course). So many options to be explored. For further information please call Iain McAlpine on 027 5575 683
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