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Back 11 Billah Street
Off Market

11 Billah Street

Tokoroa Waikato

10
5
320 m²
1184 m²
Unit
Greig KirbyGreig Kirby, last sold this property on 19 May 2025 after 84 days on market.

Overview

5 x 2 BRM UNITS, TOKOROA - $1,100,00 NEG

A Classic Investment Opportunity! Inquiries over $1,100,000 This is a chance you'll never regret - especially when you're purchasing a property with fantastic potential for refurbishment. Grab your paintbrush and unlock the rewards! This property offers a solid foundation for both positive cash flow and long-term capital growth. The property features 5 purpose-built 2-bedroom units, proudly positioned on a prime corner with excellent street appeal, set on a 1,184m² freehold land parcel. Each unit has its own private courtyard for added convenience and privacy. Currently fully tenanted, the property generates a weekly rental income of $1,900, equating to an impressive $98,800 annually. Following refurbishment, an independent rental appraisal suggests a potential rental income of $420-$450 per week per unit, which could boost total annual income to $117,000. This equates to a remarkable 10.64% Gross Yield, making it a standout opportunity for investors. The property is highly sought after by tenants, as evidenced by its consistently high occupancy rate. This ensures a hassle-free investment with ongoing demand. Viewing by Appointment Only - 24 hours' notice required as all units are tenanted. For more information or to schedule a viewing, contact: Greig Kirby - 027 491 6901 Sally Wong - 021 224 7798 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.

Features

10 bedrooms
5 bathrooms
320 m² floor area
1184 m² lot size
Unit

Estimated Value

We need at least 3 similar 10 bedroom units sold in Tokoroa over the last 12 months.

Property history for 11 Billah Street

2025
Sold
Undisclosed
19 May 2025 by Greig Kirby, of Ray White Manurewa(A T Realty Ltd)

Happy sellers in Tokoroa

76%
76% of sellers in Tokoroa reported that their sale price either exceeded or met their price expectations.

Tokoroa stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 55 reviews in Tokoroa over the last 12 months.

Local market activity for 10 bedroom units in Tokoroa

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Tokoroa

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Jesse Gemmell

Sellers who recommend Jesse Gemmell have praised them for being clear communication, local expert, friendly, supportive, responsive, empathetic and pleasant

  •   4.9   (76 reviews)
  •  22 Reviews in Tokoroa
  •  14 Sales in Tokoroa
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Barb McMullen

Barb McMullen is a recommended agent for Tokoroa.  They have 18 local sales and collected 16 local reviews across the last 12 months.

  •   4.9   (83 reviews)
  •  16 Reviews in Tokoroa
  •  18 Sales in Tokoroa
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Ben Johnson AREINZ

Ben Johnson AREINZ is a recommended agent for Tokoroa.  They have 13 local sales and collected 13 local reviews across the last 12 months.

  •   5   (62 reviews)
  •  13 Reviews in Tokoroa
  •  13 Sales in Tokoroa
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Katrina John-Tautari

Katrina John-Tautari is a recommended agent for Tokoroa.  They have 13 local sales and collected 9 local reviews across the last 12 months.

  •   5   (23 reviews)
  •  9 Reviews in Tokoroa
  •  13 Sales in Tokoroa
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