6 and 6A Tawa Street

Opportunities abound in Mangakino

Long term hold, AirBnB or trade... 6 and 6a Tawa Street has almost every option an investor would consider.

This unique property presents an exceptional opportunity for savvy property investors and those looking for a multi-income opportunity. With the possibility of being sold as one 770sqm title containing two distinct dwellings, OR as two separate titles 6 Tawa on proposed 324sqm and 6a Tawa on proposed 446sqm. Resource consent for subdivision has already been granted. All works have been completed, the final paperwork will be sent to LINZ once you the successful buyer has decided if you want to the buy the property as 1 or 2 titles.

The front dwelling at 6 Tawa Street has undergone a stunning transformation, featuring a fully renovated interior and exterior. The property boasts 2 well-appointed bedrooms. This home has efficient insulation throughout its external walls. Currently achieving a rental income of $450 per week. As a stand alone property it has a valuation of $395,000. Valuation is available upon request.

At the rear is the charming secondary dwelling at 6a Tawa Street. This consented relocation features three bedrooms. The open-plan living and kitchen area creates a cohesive space for family gatherings, while the separate toilet adds functionality to daily life. Recently upgraded with new carpets and a modern kitchen, this dwelling also benefits from an HRV system. Currently rented at $495. It has a separate valuation of $415,000.

Both homes comply with healthy homes standards with certificates available. The subdivision will need to be completed as a condition of sale. The total section size is 770sqm. If purchased together the 2 units can be retained on one title after subdivision saving on the annual rates bill. The proposed section size of 6 Tawa is 324sqm and 6a Tawa 446sqm.

The property is currently achieving a gross yield of 7.2%.

Contact Kara today at 021 025 97042 to arrange your private viewing.