The property comprises three buildings, with each building housing two flats and carports, with concrete driveway access. Each flat has two bedrooms with built in storage, a separate living room, combined kitchen and dining, a laundry and bathroom (shower, toilet and vanity) plus a carport with a lock up storage room.

The buildings sit on a concrete pad, and the aluminium joinery and fibre cement cladding keeps maintenance hours down. The current owner has kept up with maintenance, including an exterior repaint approximately three years ago. Wairoa has a strong rental demand, and the flats are fully tenanted (the owner says the vacancy rate is historically very low) currently returning $820 per week.

The property is pleasantly located opposite the Wairoa river and reserve. The riverside walkway runs past the property all the way to the river mouth and Whakamahi beach.
Do your sums and see if this works for you. Current rates are $11,027 for the 2013/2014 year.