Listed: Today

Dual Income Investment in Popular Richmond

186A and B Mary Street, Richmond, Invercargill, Southland

Asking price $459,000

3 Beds
2 Baths
2 Living areas
100m² Floor
342m² Land

Other Features

2 Separate toilets
2 Off-street parking

Attribute	Value
Property type	House
Parking	2 open car spaces
Property ID#	JNZ520
Agency reference	SMR 076

This converted property in sought-after Richmond delivers dual income from two fully self-contained flats, each with its own entrance, power meter, and hot water system. Currently generating $645 per week combined with long-term tenants keen to stay, this is a straightforward investment opportunity with solid returns already in place. Flat A offers one bedroom, while Flat B provides two bedrooms plus two off-street parking spaces. Both flats present well with modern, tidy interiors and practical layouts that appeal to quality tenants.

Flat A - One Bedroom:

Self-contained with separate entrance
Open-plan living and kitchen
One bedroom
Bathroom with shower
Separate power and hot water
Heat pump

Flat B - Two Bedrooms:

Self-contained with separate entrance
Open-plan living and kitchen with breakfast bar
Two bedrooms
Bathroom with shower
Separate power and hot water
Heat pump
Two off-street parking spaces

The Property:

Combined rental income of $645 per week
Long-term tenants wishing to remain in both flats
Fully independent living spaces
Located in popular Richmond

Richmond remains one of Invercargill's most desirable suburbs, and dual-income properties like this rarely come to market. With both tenants settled and wanting to stay, you're buying a turnkey investment with immediate cash flow and none of the vacancy risk or tenant-finding hassle. The setup is genuinely independent - separate everything means minimal landlord involvement and straightforward management. Each flat has its own identity, its own entrance, and complete privacy from the other. For investors seeking reliable income from quality tenants in a strong location, this ticks all the boxes.

Make the smart move - contact me today to arrange a viewing.

Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Local Council and we have not been able to verify the accuracy of the same. Refer to our Passing Over of Information Statement at: https://www.smr.co.nz/passing-over-of-information Smart Move Residential is Powered by Agent X (2021) Ltd - Licensed Agent REAA 2008

Open home times

No times scheduled

Property Files

Discover more about this property.

Request the files from Adam.

These property files are supplied by the agent and Trade Me Limited has no responsibility for the completeness or accuracy of the property files

Local Schools

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.