4 Douglas Street
Lincoln, Selwyn District
SOLD
8
4

A Winning Investment

Solidly constructed in the 1970s, and on the market for only the second time since then, this is an amazing opportunity to own a block of 4 two bedroom units, each on its own separate unit title in the heart of Lincoln. These units are all sunny and North facing, and each has a heat pump.

Currently returning $1160 per week in total, ($60,000 per annum), these units generate a great return and have potential for more. The rental market in Lincoln enjoys constant demand. One unit has now been kept vacant for viewing purposes.

Located in a quiet area with two street frontages and four carports plus off street parking, and within walking distance of the university, shops and supermarket, this block represents an outstanding opportunity for the astute investor.

Note: As these units are occupied, please respect the tenants' privacy and do not enter the property without the agent.

Open Homes

Property Features

Property ID: RLL23337
Bedrooms: 8
Bathrooms: 4
Listed By:Town & Lifestyle Real Estate Ltd Licensed (REAA 2008)
Share:

Chattels:

  • Drapes
  • Floor Covers
  • Light Fittings
  • Stove
  • Other Chattels
Robyn Duthie, Licensee Salesperson at Ray White Metro Wigram