Bring the paintbrush and add value - the outcome here is positive cash flow. Positioned on the corner of Taupo Road and Para Street, Taumarunui, this investment opportunity comprises five income-producing properties: four purpose-built two-bedroom units and one three-bedroom bungalow.
Set on 809sqm of freehold land, the property is fully tenanted, with tenants keen to remain. The current rental income of $1,710 per week equates to $88,920 per annum - a strong return that simply rolls in.
An independent rental appraisal suggests there is potential to further increase the current rental income, offering upside for astute investors.
Located amongst quality family homes and within easy reach of local amenities and multiple schools, the property provides an attractive and convenient living environment for tenants.
Professionally managed and well-maintained, this represents an ideal acquisition for both absentee investors and local buyers seeking a strong-performing asset with future upside. All units and the home have Healthy Home Compliance.
The consistently high occupancy rate highlights the strong tenant demand in the area, creating a low-maintenance and hassle-free investment opportunity.
