33 and 33A Durham Street, Levin, Horowhenua, Manawatu / Wanganui, 5510, new zealand
Price Guide $499,000. These two character three bedroom villas are close to town and have lovely sitting, long term tenants that would like to stay. Two incomes from one title. The vendors tell us this property is easily sub-dividable – they just don’t have time. In need of some TLC – do the work and reap the rewards. You could do nothing now, move the houses off in a few years and build new townhouses in this top, handy to town location. You could also live in one and rent the other. You have many choices.
The log burner heating in one and heat pump in the other, plus both being insulated will be sure to please. Both properties have enough land that the tenants enjoy while not being too difficult to maintain. There is a combined rental income of $550 per week. One tenant has been there for nine years and the other for approximately 12 years. There are current rental assessment of $320-$380 per week, per property.
