130 Wallace Street, Mount Cook
31943685
Cash Cow Investment or Home and Income
This fabulous character two flat property is superbly located in the heart of popular Mount Cook. Located only minutes to Massey University, Wellington Hospital, NZ School Of Dance, transport, supermarket, the vibrant Newtown village and is an easy walk into the city centre.
This blue chip rental property has proven rental history and is perfect for the astute investor to add to their successful investment portfolio.
The upstairs 4 bedroom flat is currently rented at $900.00 per week and the downstairs 3 bedroom flat is currently rented for $825.00 per week. With a combined weekly rental return of $1,725.00 its easy to see why this is a fantastic investment property. Both flats are fixed tenancies through to January 2026. Rental upside with an additional room and bathroom upstairs at the rear which is not currently being used. This area requires renovation but would create an extra income stream. There may also be the possibility to further develop the rear section.
Since owning the property the current vendors have upgraded the downstairs kitchen and bathroom, the upstairs bathroom, installed a new roof and had re-wiring and re-piling work done.
Put your kids through University, pure investment or home and income this property is an absolute winner!
LIM report and full information pack available.
Don’t miss out on this one call now to view!
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