



Excellent investment opportunity! ANNUAL GROSS RENT OF $54,300. This well-maintained rural 5-unit apartment complex on 1.75 acres offers a strong rental history with long-term tenants ranging from 3 to 16 years. The 4000 sq. ft. building features four above grade units plus a fifth (RENT $875) 700 square foot lower-level unit. Each apartment includes 1 bedroom, 1 full bath, a living room, and a kitchen. Tenants appreciate the convenience of laundry and individual storage lockers located in the lower level. Separate utility meters help simplify property management and reduce expenses. A great addition to any investment portfolio with established occupancy and consistent income potential. Square footage of each unit is estimated and should be confirmed by buyer if material. Exclusive Residential.
| Year | Tax amount | |
|---|---|---|
| 2025 | USD $3436 | NZD $6,123* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.
Email enquiry to Adashun Jones, Inc.
Property ID: 110110065569
Original Property ID: 3yd-RANEWI-50332284