127A Massey Street

Frankton Waikato

0 m²

1012 m²

House

Currently for sale - view listing

Overview

Investment Opportunity - First Time On The Market

This set of 5 units has been carefully tenanted and maintained since being built circa 2006, purchased by the current owners at that time. Located on a main arterial route to the western suburbs, these units offer tenants good access for transport, shopping and schooling in a good quality, low maintenance home. Each unit has 2 double sized bedrooms, bathroom, off street parking including a single garage, and open plan living/dining/kitchen area. With a high occupancy rate, these units are currently grossing $141,440 per annum against the current CV of $2.67m giving a gross return of 5.30%pa. After the below insurance and rates costs of $27616.39, the net return before maintenance and other running costs equates to 4.26%pa Current Landlord insurance costs $8,415.08pa Current HCC rates $16,653.23pa Current WRC rates $2,548.08pa Tender closes 5pm, Wednesday 26th August 2026 (unless sold prior) Call Rod, or one of the friendly More-Re team for more information.