Ray White Ellerslie - Now Realty Limited Licensed (REAA 2008)
Real Estate Agents
Ray White Ellerslie - Now Realty Limited Licensed (REAA 2008)
Suite 1
101 Main Highway
Ellerslie
Auckland 1051
101 Main Highway
Ellerslie
Auckland 1051
- Listing #:
- ELL35004
- Listed:
- 16 days ago
Asking price of $1,300,000
PORTFOLIO POWERHOUSE - Tokoroa $1,300,000
30 Cobham Cresent, Tokoroa, South WaikatoResidential Unit
-
- 10 Bedrooms
-
- 5 Bathrooms
-
- 5 Toilets
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- 5 Car Garages
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- 3 Covered Car Parks
-
- 300m2 Floor Area
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- 1,191m2 Land Area
About this property
Purpose-Built Investment - Brick & Concrete Construction30 Cobham Crescent has been built for longevity. This classic block of five units presents a seamless low-maintenance investment opportunity. Constructed from durable brick and concrete, situated on 1,191m² of freehold land. This property is designed to deliver reliable passive income and long-term capital growth.
A little TLC, bring the paint brush to add value.
Each of the five spacious two-bedroom units features:
• Northerly aspect for warm, sun-filled interiors
• Open-plan living with a separate kitchen
• Single carport plus additional off-street parking
• Predominantly long-term tenants
• Current annual rental income: $105,040 pa
• Independent rental appraisal: $420 - $435 per week per unit
• Appraised annual rental income: circa $111,150pa
• 5 Units showing - 8.4% gross yield
• Easy-care grounds for minimal upkeep
Professionally managed and well-maintained, this is an ideal acquisition for both absentee investors and local buyers seeking a strong-performing asset.
Opportunities like this are rare.
Contact the listing agent today to arrange a viewing.
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