74 Chelwood Street, Takaro, Palmerston North, Manawatu / Whanganui, 4412, New Zealand

Discover a unique investment opportunity with this beautifully converted villa property, now comprising two practical flats, each offering a comfortable living experience.

Property Features:

– Two Flats: Each flat features two bedrooms, bathroom, lounge and kitchen, perfect for independent living.

– Freehold Section: Set on a manageable 577m² (more or less) freehold section, this property provides ample outdoor space while ensuring low maintenance.

– Double Carport: Enjoy the convenience of a double carport, accommodating both flats with ease.

– Prime Location: Ideally situated in close proximity to the city centre, residents will benefit from a variety of amenities just a short walk away, including the Central Energy Trust Arena.

Investment Potential:

– Current Rental Income: Flat one is currently renting for $450 per week, while Flat two commands a rental price of $490 per week, offering a fantastic dual income opportunity for savvy investors with a net rate of return for the current owners of 6.5%.

Don’t miss out on this rare chance to own a property that combines comfort, convenience, and income potential.