11 Pascal Street, Palmerston North, Palmerston North City, Manawatu

Call your bank manager, make your offer and watch the money flow in!

Here is an investment property that offers over 8% gross with 3 x 2 bedroom units on one title. Returning $640 per week, if you are a local or out of town investor, the property here is well worth your consideration - and the returns are sure to appeal!

The breakdown:

All units are configured as two bedrooms with a living room and separate kitchen. There is small laundry area off each kitchen and a living room that has doors leading to a small out door courtyard. Each unit is serviced by a family bathroom with a shower over the bath. All units are insulated top and bottom plus unit 2 & 3 each have a heatpump.

Unit 1 returns $200 per week

Unit 2 returns $220 per week

Unit 3 returns $220 per week

These purpose-built units rent very well but could be refreshed over time to enhance their appeal and return. The units sit at the front of the property taking up approximately half the section, which lends room for further development - reconfigure the current layout or extend unit 3 to enhance your return (subject to council requirements).

Returns like these are becoming a thing of the past - call me now to discuss - as the units are currently tenanted viewing will be by appointment only.