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Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North
Photo 18: 11 Pascal Street, Palmerston North

Show all photos 11 Pascal Street, Palmerston North | TPPN2696

11 Pascal Street
Palmerston North TPPN2696

  • 6
  • 3
  • 3
  • 754m2
  • 170m2

Iain McAlpine06 358 4680

More about Iain McAlpine

Property SOLD:
MAKE SOME MONEY - 8.3% GROSS RETURN!

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.

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Property Features

Dining
n/a

Kitchen
Small but kitchen with storage. Possible upgrade in the future but not required.

Bedrooms
Two bedrooms a good sized double and large single with storage.

Bathrooms
Bath with shower over, vanity & toilet.

Laundry
Off the kitchen.

Garage
n/a

Outdoors
Large section at the back that could be put to better use (development?).

Rateable Value
$360,000
Rates: $4279.91 + $380

Living Area
Each unit has a decent sized living room with access to a back courtyard.

Chattels
Stovex3,, Fixed floor coverings, Window treatments, Laundry tub - Commonx3, Heat pumpx2, TV Aerial, Letterbox, Clothesline

Heating
Electric

Legal Description
Legal Estate: Fee Simple
Lot: 1
DP: 26405
CT: WNE1/793