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113 - 115 Isabella Street, Glengarry, Invercargill City

$549,000

573m²

Invest on Isabella

Centrally located close to both the CBD and the Stadium, this 2x2 bedroom duplex is set upon a low maintenance, freehold title and presents a fantastic opportunity for the savvy investor.

With fixed term tenants in place achieving annualized rent of $38,480 producing a yield of over 7%, the modernisation has begun with one unit having recently been painted internally, recarpeted and both units featuring some double glazing while there is still room left for you to add value.

An opportunity also exists for potential purchasers to land bank by purchasing the rear section also (111 Isabella Street) and truly capitalize on this fantastic opportunity.

Call today for more information.

Disclosure: Land measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e., Regional/City councils, Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.

Additional details

Type

Unit

Property ID

ILU189970

Listed on

29/07/2024

Updated

13 days ago

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Glengarry, Invercargill City

Glengarry is a suburb which lies within the Territorial Authority of Invercargill, one of 36 residential suburbs which form the wider region. Glengarry is the 4th largest suburb of Invercargill in terms of the total number of residential housing stock. Glengarry provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 1960 - 1969. Residential housing stock in Glengarry is made up of approximately 97% residential housing and 3% residential investment housing properties.

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