Multi-Income Investment Property

  • 31 Reeve Road, Owhata, Rotorua
  • 5 Beds
  • 3 Bath
  • 190m2


This steal of a deal consists of three units on one title. The current owners have maintained this property well over the years with a new cement driveway, heat pumps in each units and regular repairs. All three units are occupied on periodic tenancy agreements.

1/31 Reeve Road

2 bedrooms, 1 bath. Private car port. Room to renovate to add value.

2/31 Reeve Road

1 bedroom, 1 bath. Car parking in driveway. Fully healthy homes compliant.

3/31 Reeve Road

2 bedrooms, 1 bath. Double garage with garden area. Recently renovated.

Current rental income $1,010 pw. Current rental appraisal is $1,220. There is an opportunity to add value through new carpets, paint, modernising kitchen and bath and creating privacy through adding a divide between units 2 and 3.

Units like this are difficult to come by. For more information contact Kara now. Offers will be considered after the first open home.

  • Estate type:
  • Rental status: 1/31 $350 p/w
    2/31 $300 p/w
    3/31 $360 p/w
    Total $1010 p/w
  • Rental appraisal:$1,220 p/w (Written rental appraisal available to potential purchasers)
  • Floor area: 190m2
  • Land area: 1,011m2
  • Bedrooms: 5
  • Bathrooms: 3
  • Car parking: 4
  • Rates: $6,272.45

Under 5 minute walk to supermarket and shopping plaza. Less than a kilometre to Rotorua Lakes High School, Mokoia Intermediate and Owhata School.

  • Price by negotiation
  • Gross yield: 7.3%
  • Rental appraisal: $1,220 p/w (Written rental appraisal available to potential purchasers)
  • Annual rates: $6,272.45
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Kara Niles

Licensed Salesperson
REAA 2008