Welcome to 22 Trigg Avenue, a fantastic investment opportunity in the sought-after Fenton Park neighbourhood. This impressive property presents a rare chance to own a well-maintained and profitable multi-unit complex in a desirable location.
Featuring a total of 8 bedrooms and 6 bathrooms spread across the units, this property offers comfortable living spaces for residents. The internal upgrades include a new roof and insulation for 5 units, along with new bathrooms, heat pumps, ventilation systems, and shower domes, ensuring modern comforts and energy efficiency. There is an opportunity to add value by renovating the 3-bedroom unit.
Outside, the property boasts a low-maintenance garden that creates a pleasant outdoor space for residents to enjoy. Additional amenities such as a communal laundry, storage room, and clothesline add convenience to daily living for the tenants.
Conveniently located close to town, this property is in a desired rental area with happy tenants currently in place. The off-street parking ensures hassle-free parking for residents and visitors alike.
At the current rent, the yield is over 8% but there is an opportunity to increase to market rent over the next year to return over 9%. Don't miss this opportunity to own a property that is not only a great investment but also promises steady rental income. With its impressive features and prime location, 22 Trigg Avenue is a must-see for savvy investors looking for a lucrative addition to their portfolio. Contact us today to arrange a viewing and secure your future in real estate with this exceptional property.
The rental appraisal as well as detailed information about each unit is available upon request. Viewing is by appointment only. Please contact Kara today at 021 025 97042.
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