437 Featherston Street, City Centre, Palmerston North, Manawatu / Whanganui

An exceptional and increasingly rare opportunity awaits at 437 Featherston Street, where three dwellings on one title deliver immediate, diversified income - and even better, the fantastic existing tenants are keen to stay on, offering investors stability and continuity from day one. This is astute buying in a proven rental pocket, combining strong holding appeal with long-term upside. The front home offers comfortable, well-maintained living with open plan kitchen, dining and lounge flowing effortlessly to a covered rear deck, three generous bedrooms serviced by a family bathroom, plus the bonus of a separate laundry/outhouse with a secondary toilet and a standalone single garage. Privately positioned behind, the two additional units feature similar, practical layouts with separate kitchens, dedicated lounges, two bedrooms and family bathrooms, each enjoying its own small rear yard to enhance tenant independence, while the rear-most unit further benefits from a carport and garden shed. With multiple income streams helping mitigate vacancy risk and a current combined weekly rental return of $1,440, this is a smart portfolio addition in a highly convenient central location just moments from Palmerston North Hospital, public transport routes, schooling and the CBD, ensuring ongoing tenant demand. A multi-income asset with reliable occupants, prime positioning and built-in resilience - opportunities like this are few and far between. For sale by Tender, and will not be sold prior. Call today to register your interest!