A/10 Ruawai Road Mount Wellington, Auckland City

Vendor has clearly instructed that this block of flats must now be sold and has priced them for a quick sale.
Block of 4 flats on 1 freehold title located on 1184m2 of land. The flats are comprised of 1 x 3 bedroom (plus a double carport) and 3 x 2 bedrooms (each with a single carport).
Solid Brick and Tile construction and all on separate power and water meters.
The 3 brm is in very good condition throughout. Opportunity to add value to the other units through cosmetic TLC.
Current rents are $320 (3 brm), $250, $270 and $270 (remaining 2 brms). $1110 in total however the flats have been appraised at $350 - $370 (3 brm) and between $280 - $300 for the 2 brm flats once renovated.
Potential returns of 7.5% +.
Rental demand in this location is very strong.
This is a low maintenance block in one of Auckland's fastest growing suburbs located just minutes from Sylvia Park and the motorways. A fantastic investment with lots of potential.