71-77 Gear Terrace Ranui, Porirua

Motivated vendors are seeking savvy investors for this solid investment opportunity with strong potential for positive cashflow rental returns.

The single title 1476sqm property has FOUR dwellings in total. The upper floor of each dwelling comprises of 3 bedrooms and 1 bathroom. On the ground floor you'll find an entrance foyer, open plan dining/lounge, separate kitchen, separate laundry and 2nd toilet.

Additional features include:

* Upgraded ceiling insulation, heat pump and bathroom fans in each dwelling

* Mix of floor coverings including carpet and timber floors

* Off street parking

* Low maintenance grounds with a shed

* Elevated with lovely views

Situated within walking distance of the Mungavin Ave shops, Porirua Park, sports fields and Porirua East School, the property is also very handy to Porirua town centre, train station and motorway access.

Current Rateable Value of $1,260,000, however the vendors price expectations are very realistic to reflect that there is remedial work required. Previously rented at $575-585 per week per dwelling ($2310 per week) to Emerge Aotearoa, a social housing provider. The property is now being sold with vacant possession.

Please note that the dwellings are being sold in 'as is where is' condition. They require varying levels of repair work to bring them all up to rentable standard. We are happy to supply further information to serious buyers.

To view this property please contact Sue & Stephen (owners) on 027 565 4005 or 027 248 0734. If you'd like further information or wish to make on offer, please contact Chris Caldwell, Licensed Agent with HomeSell Pro on 021 333 829 or email chris@homesell.co.nz.