1-4/158 Crinan Street Appleby, Invercargill

This well-presented block of four adjoining two-bedroom flats offers an excellent opportunity for investors looking to add a solid, income-producing property to their portfolio. Set on a generous 1,012sqm site, the total building area is approximately 300sqm, with each flat offering around 75sqm of floor area.

Built in the 1970s, all four units are currently rented, providing an immediate rental return with current rents ranging from $380 to $410 per week per flat. Combined, the four units currently generate $1,595 per week, equating to approximately $82,940 in gross annual rental income.

Each unit features two bedrooms, its own heat pump, separate bathroom and toilet, single-glazed aluminium joinery, curtains/drapes and bathroom extractor fans. Three of the four flats are supplied with a fridge/freezer and washing machine, while the fourth tenant has their own appliances.

With four units under one ownership, all currently tenanted, this is a particularly appealing opportunity for those seeking multiple income streams from one property. The combination of four separate rental incomes, a sizeable 1,012sqm landholding and approximately 300sqm of total building area makes this an opportunity well worth considering for investors looking to strengthen their portfolio or take their first step into multi-unit property investment.

Deadline Sale: Closing 4:00pm, Thursday 10th September 2026 (prior offers considered)

Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents. Land and floor area 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.