Web Ref#KC00246

A large character villa has been converted into five individual flats in a great central part of Otaki - currently returning $1470pw.

Tucked down a private driveway with loads of off-street parking for tenants. There's a good amount of outdoor communal space. Close to schools, public transport, cafes and stores within easy flat walking or riding distance.

Converted into four one-bedroom flats and one bedsit, the building has been fully re-wired and the main roof replaced. Insulation meets current standards as verified by the recent assessment; some further work is required going forward.

There are six income streams here including the leased garage space. Already under professional property management with long-term sitting tenants keen to stay, this high yield investment opportunity could be just the ticket you've been waiting for!

RV $860,000 | By Negotiation

Additional Features

  • Bedrooms: 5

  • Bathrooms: 5

  • Garaging: 1

  • Off Street Parks: 6

  • Family Room: 5

  • Rates: $7,209.13

Maureen Wallace (Phone 027 270 0257)
Maureen Wallace
Derek Kelly (Phone 021 0832 6460)
Derek Kelly
Director / Licensed Agent