6 Paradise Road, Napier South

The astute investor will be quick to recognise this unique investment opportunity on a heritage recognised street in Napier South. This solid freehold, cross lease build, offers four one bedroom units; two on the ground floor and two on the upper, each with its own power meter, fibre connection and designated parking. The units all meet current healthy homes criteria, equipped with a heat pump, extractor fan and new hot water cylinder. Three units are currently tenanted and under the management of a registered tenancy agency. Unit B is currently being advertised for rent. The building has recently been re-roofed, the exterior repainted and the retaining wall on the western side has been overlaid with an attractive wood facade and planter boxes. Parking areas have been upgraded with new concrete laid. Units A, C and D have recently been refurbished throughout, with upgraded kitchens, bathrooms, floor coverings, painting and furnishings providing light and airy living spaces. Unit B is in more original condition and enjoys a top corner aspect and can be upgraded to align with the rest. There is a communal shared deck, lawn area, two clothes lines plus storage shed. Perfectly positioned within walking distance of supermarkets, medical centre, local amenities and Napier CBD with public transport available at the end of the street. This property offers exciting investment opportunities to Mum and Dad investors, retirees looking for passive income options or investors looking to add to their portfolio. Live in one and receive income from the rest. There is a unique opportunity here for extended or blended family investment. Due to the logistics, we will be conducting open homes on advertised days and times to provide minimal disruption to the tenants. LIM and Council File available upon request. The interior photographs displayed are of unit C only. ...