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37A & 37B Papanui Street, Tokoroa

Asking price $739,000

Listing Description

Listed: Mon, 17 Feb

The perfect opportunity

37A & 37B Papanui Street, Tokoroa, South Waikato, Waikato

Asking price $739,000

Details

  •   6+ Beds
  •   2 Baths
  •   2 Living areas
  •   827m² Land
Other Features
  •   2 Separate toilets
AttributeValue
Property type
House
Capital value (CV)
$605,000
Agency reference
TOK30479
Broadband in the areaFibre, ADSL, VDSL, Wireless

Description

Are you searching for an exceptional investment opportunity or a home with income potential? Look no further! Featuring two dwellings on one title, offering incredible versatility and potential returns.

House A boasts an iron roof, timber joinery, and weatherboard exterior, exuding classic charm. Enjoy the spacious, open-plan lounge with a heat pump, perfect for relaxation and entertaining. The neutral decor creates a welcoming ambience, complementing an HRV system and heat pump for year-round comfort. Three bedrooms, an updated bathroom, and a modern kitchen with an electric oven and rangehood complete this inviting home. Additional features include ceiling and underfloor insulation, an infinity gas hot water cylinder, and a separate garden shed.

House B features an updated iron roof, timber joinery, and weatherboard exterior. The modern kitchen, separate laundry, and insulated interior offer comfortable living. A large lounge with a heat pump, a separate toilet, and a modern bathroom with a corner shower and an additional second toilet add to the appeal. Three bedrooms, decorated in neutral tones complete this attractive home.

Both dwellings benefit from a concrete driveway and a fully fenced section, providing security and privacy. Potential to subdivide with some council requirements already completed.

With tenants already in place, this property provides immediate rental income of $59,800 p/a.

This unique property presents an exceptional opportunity for investors seeking a dual-income stream or those looking for a home and income solution. Don't miss out on this fantastic offering! Contact Michelle today to arrange a viewing.


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Property Files

Michelle Lamberton

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Agent's details

Michelle Lamberton

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Ray White Tokoroa, (Licensed: REAA 2008)

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