Positioned in one of Otahuhu's most peaceful, lush green, and sought-after pockets, 38 Tamaki Avenue presents an exceptional dual-income asset on a generous 688m2; (more or less) freehold site.
Comprising two standalone, classic weatherboard homes on a single title, this versatile property is a turnkey addition to any high-performing portfolio, a clever strategic family purchase, or a prime future land-banking play.
The Property Highlights
• Two Legal Dwellings: Two classic weatherboard homes situated on one 688m² title.
• Smart, Functional Layouts: Each residence features a light-filled living area, open kitchen and dining space, a tidy central bathroom, and two well-proportioned double bedrooms.
• Dedicated Parking: Individual covered carports allocated to each home, alongside off-street parking.
• Immediate Strong Cashflow: Currently returning a combined $1,140 per week ($59,280 p.a.) with reliable, quality tenants already in place.
• Council Rates: $4,468.73 p.a.
• Prime Green Setting: Nestled in a quiet, tree-lined avenue, close to local parks, transport hubs, motorway arterial routes, and Sylvia Park.
• Separate water & power meters
Multiple Strategic Angles
• The Savvy Investor: Reap the rewards of an immediate, resilient cashflow asset yielding dual tenancy rents under one set of rates and one title.
• The Home & Income Strategy: Live in one dwelling and let the rental income from the other significantly subsidize your mortgage payments.
• Multi-Generational Living: Keep extended family, independent teenagers, or elderly parents close while allowing everyone their own self-contained privacy.
• Future Land Potential: Hold the strong cashflow now while exploring long-term land potential and site optimization on 688 m2; of prime suburban real estate.
To be sold by Auction on 1st December (unless sold prior) 4PM - Ray White Ellerslie 101 Main Highway
Properties offering this level of steady cash generation, physical versatility, and future land value are tightly held and rarely traded.
Contact Candace Williams today to arrange your private inspection or request the full information pack.
All agent conjunctionals welcome
