4/16 May Street

Hamilton East Waikato

172 m²

House

Currently for sale - view listing

Overview

7%+ Yield, High Motivation

High-Yield Investment with Exceptional Upside - 6 Bedrooms in Prime Hamilton East. Positioned in one of Hamilton's most sought-after rental pockets, 4/16 May Street presents a rare opportunity to secure a high-performing investment with immediate income and significant future upside. This modern, low-maintenance property offers an impressive 6 bedroom, 3 bathroom configuration, thoughtfully designed for maximum occupancy and strong rental returns. The ground floor features an open plan kitchen and living area along with a bathroom & laundry cupboard, while the second and third levels are identical, each comprising three bedrooms and one bathroom. Currently returning $950 per week ($49,400 per annum), the property delivers a solid 6.87% yield. Backed by a recent rental appraisal of $1,000 per week, investors can realise an improved 7.23% return. The current rental strategy has been deliberately conservative to ensure consistent occupancy. With demand remaining strong, there is clear headroom to increase rents and maximise yield. Investment Highlights: Strong Cash Flow from Day One - Fixed-term tenancy in place until January 2027 with reliable student tenants. Prime Location - Just a short walk to the University, ensuring ongoing rental demand. Rare Configuration - 6 bedrooms and 3 bathrooms in Hamilton East is a standout offering. Modern Construction - Built in 2017 with durable PVC cladding for low maintenance ownership. Future Growth Drivers - Close proximity to the Ruakura Inland Port and proposed medical school supporting long-term demand. The Opportunity: With a motivated vendor and pricing that represents clear value in today's market, this is a compelling investment combining strong returns, location, and future growth potential. Opportunities like this are increasingly hard to find in Hamilton East. Contact Bill Burnett today to book your private viewing.