5 Units | 23 Orams Road, Hillpark, Manurewa
Held tightly for 21 years, this solid five-unit complex occupies 1,366m2 (more or less) of freehold land and has been purpose-built to deliver consistent passive income and long-term capital growth. Positioned in sought- after Hillpark within the thriving Manurewa community, tenant demand consistently strong, reinforcing the long term desirabilty of this asset.
Constructed from enduring brick and concrete, the property provides strength, durability, and low maintenance - the essential foundation of a reliable, stree-free investment
Property Highlights
• Four x two-bedroom units
• One x four-bedroom unit
• Open-plan living with separate kitchens
• Northerly aspect providing warm, sun-filled interiors
• Undercover single carport for each unit - lock-up storerooms
• Easy-care grounds requiring minimal upkeep
Current annual rental income: $137,800 per annum
Independent rental appraisal:
• 2-bedroom units: $500 - $550 per week
• 4-bedroom unit: $750 - $800 per week
Appraised annual rental income: Circa $143,000 per annum
Perfect for absentee investors, portfolio builders or buyers seeking a multi-income asset with scale, stability, and upside.
The Opportunity
Investment-grade properties of this scale, construction quality, and tightly held history are rarely brought to market.
Secure a well-established, multi-income asset in a location underpinned by consistent tenant demand and long-term growth fundamentals.
