Kapiti Coast Multi Income with 8%+ Cashflow

  • 70 Toi Street, Otaki Beach, Otaki
  • Beds
  • Bath
  • 140m2


Here are the numbers:

  • Purchase price $355,000
  • Front flat $260 p/w (includes $3 per week from tenant for water usage)
  • Back Flat is currently advertised at $315 p/w (includes $3 per week from tenant for water usage)
  • This will return a very healthy 8.4% Gross Yield
  • Rates = $2,766.15
  • Water Supply charges = $199 per annum
  • Insurance = $1,869.60 (Current annual)

This multi-unit property is currently under property management at 8% + GST so would be an easy passive investment. It is suitable to rent as is but also some upside to increase yield even further with some improvements.

With the new motorway scheduled to start work soon, this means even better demand and access for this popular Kapiti Coast location.

We also need to disclose to you that the seller of this property is related to the listing agent and any potential purchaser will be provided with a Section 136 Disclosure form as per the REAA requirements.

If you are cashed up, ready to go and after a cashflow property, then you better contact Peter quickly.

LIM and 2014 Builders Report available to potential purchasers.

  • Estate type: Freehold
  • Rental status: $260 p/w (Front Flat)
    $315 p/w (Rear Flat currently advertised)
    Total: $575 p/w (8.4% yield currently)
  • Rental appraisal:$250 - $270 p/w (Front Flat)
    $310 - $340 p/w (Back Flat)
    Total: $560 - $610 p/w
    Written Appraisal available to potential purchasers
  • Floor area: 140m2
  • Land area: 582m2
  • Bedrooms:
  • Bathrooms: 
  • Car parking:
  • Rates: $2,767

Short walk to Otaki Beach

Close to shops, transport and schools

  • $355,000
  • Gross yield: Potential 8.9%
  • Rental appraisal: $250 - $270 p/w (Front Flat) $310 - $340 p/w (Back Flat) Total: $560 - $610 p/w Written Appraisal available to potential purchasers
  • Annual rates: $2,767
First Name
Last Name
E-mail Address
Phone Number
How can we help you?

Peter Ambrose

Licensed Salesperson
REAA 2008

FREE Course and GREAT Deals

Members hear about new deals FIRST and have access to our FREE online property investment course.

Not seeing what you want?

Don't wait for the market to bring a deal to you, we will help you go out and get it!

Find Out More »

Investor Case Studies

Real stories from clients with different goals and strategies about how they invested successfully.

Access »