Ray White Wellington City
Real Estate Services, Real Estate Agents
- Listing #:
- KOR30793
- Listed:
- 17 hours ago
Tender closing 26 March at 1pm
Mornington Makeover- Home and Income
164 The Ridgeway, Mornington, WellingtonOther
-
- 5 Bedrooms
-
- 2 Bathrooms
-
- 2 Toilets
-
- 2 Offstreet Car Parks
-
- 210m2 Floor Area
-
- 516m2 Land Area
About this property
Bring your architect and builder to unlock the great potential of this 1945 home-and-income opportunity. While the downstairs two-bedroom flat requires immediate attention, the three-bedroom upstairs flat-boasting views of the western hills-offers an immediate income stream to support you while you plan your improvements. Historically returning $700 per week in rent upstairs and $600 downstairs, this property has proven cash flow with significant room for growth, whether you choose to renovate the existing property or fully redevelop the site. Perfectly positioned near schools, shops, and public transport, this "as is, where is" sale represents a rare opportunity for motivated buyers to secure a fruitful investment.Sun 8th Mar 3:00pm ~ 3:30pm
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