Ray White Takanini
Real Estate Agents
- Listing #:
- TKN34858
- Listed:
- 222 days ago
Price by Negotiation
Renovated Multi-Income Gem Below Market Value
7 Tulloch Place, Takanini, PapakuraOther
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- 6 Bedrooms
-
- 4 Bathrooms
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- 2 Toilets
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- 4 Covered Car Parks
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- 240m2 Floor Area
About this property
Located in the rapidly growing and high-demand suburb of Takanini, this unique property offers the perfect blend of long-term capital growth potential and immediate, strong rental returns.Fully renovated at the end of last year, this home is essentially brand new. Every aspect of the interior has been upgraded-from kitchens and bathrooms to electrical systems and roofing. Even the exterior features, including a new carport and landscaped garden, are freshly completed. As a result, buyers can expect minimal maintenance costs for the next 15 to 20 years.
Set on two separate titles, this development includes four fully self-contained dwellings, offering incredible flexibility for a variety of rental strategies. Whether you're targeting multi-generational tenants, professionals, or short- and long-term renters, this property delivers.
Property Features:
• 2 x 3-bedroom, 1-bathroom units on either side with private entrances - currently rented at $700 per week each
• 2 x self-contained studio units in the center with separate entrances and private bathrooms -currently rented for $440 per week / Each
Rental Income & Investment Potential:
• Total potential rental income: approx. $120,000 per year
• Based on the current residential market return of 3-4%, the asking price of this property is significantly below its estimated market value
• A rare opportunity to secure a great deal
Why This Property Stands Out:
• Legally subdividable into four independent rental units
• Strong, consistent rental returns with room to increase
• Ideal for investors seeking high cash flow with low upkeep
• Located in a fast-developing area backed by continuous infrastructure growth
Whether you're looking to expand your portfolio or secure a hands-off, income-generating asset, this future-proof investment ticks all the boxes. The owner is motivated and welcomes all reasonable offers.
Don't miss out-get in touch today for further details or to arrange a private viewing.
PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as RPNZ or Auckland Council (LIM) documents. They have not been measured by the Salesperson or City South Investments 2019 Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.
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