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17/23 Lithgow Place, Glengarry, Invercargill City

Enquiries Over $1,098,000

14

4

490m²

1,390m²

"Invest Smart:- 4-unit property in East Glengarry

17-23 Lithgow East Place, presents a solid opportunity for investors seeking multiple income streams from one title.Set on a freehold land area of approximately 1,390sqm, this property offers four two-storey units with a combined floor area of approximately 490sqm. The configuration includes , two 3-bedroom units and two 4-bedroom units, off street parking. Each unit is indidially fenced, provinging tenants with their own private backyard and added privacy , a feature that helps attract and retain long-term tenant, providing strong tenant appeal.All units are currently tenanted , generating a combined rental income of $1,830 per week. With a asking price of Offers over $1,098,000, the property delivers a strong gross yield of approximately 7.9%.Some interior renovation's have already been completed, with further improvements over time.Please note; the yield quoted is a gross yield , calculated from rental income only. Expenses such as rates, insurance, and maintenance have not been deducted.To arrange a private viewing of 17-23 Lithgow Place, please contact to make an appointmentUnit 17 (3 Beds) rental is $430,00 a week.Unit 19 (4 Beds) rental is $490,00 a week.Unit 21( 4 Beds) rental is $475, 00 a week.Unit 23( 3 beds) rental is $435.00 a week.

Additional details

Type

Apartment

Property ID

17245

Listed on

25/03/2026

Updated

an hour ago

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Listed for sale on OneRoof for 1 days (last updated on 25 March). There are 8 properties for sale in Glengarry.

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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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