Located in an excellent school zone at the end of Kaitaia's main street, this large home has been divided to create two rental units - a 3 bed & 2 bed unit - both with full kitchens and bathrooms (could be reverted to a 5 bedroom family home with ease).

The house has been freshly re-piled and painted so this property will serve the new owner as a relatively low maintenance investment! And with an quick internal renovation should return the new owner well over 9% return.

The giant sized back yard has excellent access providing space and enjoyment for the tenants while providing the owner with further potential to subdivide and increase the all important $ROI$

Current rentals rates return; (rents up as of Oct 09) ...under market rent
2 bedroom unit: $195
3 bedroom unit: $195
(under rented - potential $240 p/w)

..$20,280 p/a @ 230k equates to a mega %8.8 return on investment! ...pretty decent when you consider there is capital gain on top of that!

Home/ income or income/income! Either way it's a winner!!

Please direct any enquiries to;
Jarred Tatham
021-041-0527

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