Rārangi Hou
Investment Opportunity: Secure your future with this solid two-story rock block quadplex, offering 4 self-contained units in a prime corner allotment position. Currently strata titled offering the opportunity to buy the full complex, or each unit individually. The property also provides separate car parking for each tenant and individual laundry areas. Designed for low maintenance living, each unit features:
General:
*New roof completed in 2020 for both the main building and carport
*External stairs replaced in 2020
*Positively geared - 7.8% ROI
Unit 1. (downstairs)
*2 Bedrooms, fans throughout
*Private balcony
*Free standing cupboards
*Air conditioning in the kitchen/living area
*New carpet
*Paintwork in good condition
*Updated bathroom with modern vanity
Tenancy: $360.00 per week - Lease expires 27 October 2025
Unit 2: (downstairs)
*2 Bedrooms
*Renovated kitchen
*Paintwork in good condition
*New carpet in lounge
*Updated bathroom, shower over bath combo (floor tiles need re grouting)
*Fans throughout
*Air-Conditioning in both bedrooms
*Private balcony
*Freestanding cupboard
Tenancy: $345.00 per week - Lease expires 19 May 2025
Unit 3: (upstairs)
*2 Bedrooms, fans throughout
*Private balcony
*Modern Kitchen
*Air conditioning in the master bedroom
*Paintwork in good condition
*Modern bathroom, shower over bath combo, exhaust fan
Tenancy: $360.00 per week - Lease expires 15 September 2025
Unit 4: (upstairs)
*2 Bedrooms
*Fans throughout
*Renovated kitchen
*Bathroom has shower over bath combo, updated vanity
*Air-Conditioning: master bedroom
*Freestanding cupboards
*Private balcony
Tenancy: $360.00 per week - Lease expires 01 September 2025
Rates: $1822.30 each unit per half year
Mowing: $70.00 per 4 weeks
With a strong rental yield and excellent tenant appeal, this property is a smart choice for investors seeking consistent cash flow. Don't miss out, contact Elizabeth Hood - 0499 003 005 to discuss the property in further detail or obtain a copy of the walk through videos.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.10 km | 3 | 2 | -m2 | 2025 02 20 | - | Council approved | |
 | 0.25 km | 2 | 1 | -m2 | 2025 01 15 | $339,360 | Council approved | |
 | 0.08 km | 3 | 1 | 105m2 | 2025 01 06 | $335,000 | Council approved | |
 | 0.19 km | 3 | 1 | -m2 | 2024 11 27 | $460,000 | Council approved | |
 | 0.06 km | 3 | 1 | -m2 | 2024 11 13 | $365,000 | Council approved |