Hamilton, Hamilton East 2 Coates Street
Sold
Do The Work, Reap The Rewards
After 28 years of ownership by the current owner he's decided to step away and retire from the rental business. This presents an opportunity for the next owner to renovate and get this property up to healthy homes standard. Consisting of 6 two bedroom units, they just need a couple of things to get the final tick. All units have heat pumps so the big cost has been taken care of. The 3 downstairs have indoor outdoor flow to a spacious lawn that runs along the length of the building while the upstairs all have their own balcony with views over Steele Park. The galley kitchen and open plan dinning/living area leads to two double bedrooms and a bathroom with separate shower. All of the tenants are A grade people and are keen to stay. The block sits on a 751sqm (approx) site with plenty of parking. Coates street is a quick walk across the park to Hamilton East shopping precinct and handy to river walks, Hamilton gardens and Waikato University. Returning approximately $99,000.00 per annum, You do the sums and submit your offer.
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ .
For Sale
$1,399,000
Property ID:
EHV16043
Legal Description:
Lot 3, DPS4447
Year Built*:
1970's
Exterior Construction:
Concrete Block
Joinery:
Aluminium
Land Area:
751 square metres (approx)
House Area*:
340 square metres (approx)
Bedrooms:
12
Chattels:
Stove, Fixed Floor Coverings, Curtains, Light Fittings, Stove x 6, Light Fittings, Fixed Floor Coverings, Heat Pump x 6
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.
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