A rare opportunity to secure a high-performing, multi-income investment at 60 Hutton Street, Otahuhu. This exceptional offering features eight separate unit-titled homes, delivering diversified income streams, long-term stability, and future growth potential in a high-demand Auckland rental location.
The development comprises four spacious 3-bedroom homes and four well-designed 2-bedroom homes, all with generous layouts, private North-facing sunny decks, and garage parking. The 3-bedroom homes range from approximately 103sqm to 119sqm plus decks, offering family-friendly spaces, multiple entrances perfect for extended families, internal access garages and with two of these homes featuring second lounges and additional dedicated off-street carparks. The 2-bedroom homes range from approximately 86sqm to 90sqm plus decks, each with separate garages and functional, tenant-friendly layouts. All Healthy Homes compliant, the larger-than-standard floor areas and quality design create strong tenant appeal and ease of management.
Set on 926sqm freehold land, the building is solid, low maintenance concrete block construction with internal floorspace of approximately 803sqm. Units are in good upgraded condition with four units having just been renovated. The property has historically been under-rented with long-term tenants. There is a clear value-add opportunity, and once fully optimised, the projected rental income is expected to exceed $275,000 per annum, offering investors strong cashflow and an attractive yield. A lot of care has been taken to secure and retain quality tenants who are tidy, respectful, pay on time and are happy in the safe community that has been formed.
Positioned in a highly convenient location, the property is close to local shops, supermarkets, public transport, motorway access, schools, and key amenities, making these homes consistently easy to rent and attractive to quality tenants. Strong rental demand in this area supports low vacancy and stable long-term returns.
With the added benefit of separate unit titles, investors have flexibility to hold for long-term income, refinance, or sell individually in the future, maximising both yield and capital growth opportunities. Opportunities of this scale, offering diversification, strong income, and strategic flexibility, are rarely available in today's market.
Note - Viewing by Appointment only
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