Price On Request

Elegant Multi Unit Living With Premium Amenities

  • 10 Beds
  • 5 Baths
  • Updated: September 6

About the Property

This set of 5 units has been carefully tenanted and maintained since being built circa 2006, purchased by the current owners at that time. Located on a main arterial route to the western suburbs, these units offer tenants good access for transport, shopping, and schooling in a good quality, low-maintenance home.

Each unit has 2 double sized bedrooms, a bathroom, off-street parking includi
This set of 5 units has been carefully tenanted and maintained since being built circa 2006, purchased by the current owners at that time. Located on a main arterial route to the western suburbs, these units offer tenants good access for transport, shopping, and schooling in a good quality, low-maintenance home.

Each unit has 2 double sized bedrooms, a bathroom, off-street parking including a single garage, and open plan living/dining/kitchen area. With a high occupancy rate, these units are currently grossing $141,440 per annum against the current CV of $2.67m, giving a gross return of 5.30%pa. After the below insurance and rates costs of $27,616.39, the net return before maintenance and other running costs equates to 4.26%pa.

Current Landlord insurance costs $8,415.08pa.

Current HCC rates $16,653.23pa.

Current WRC rates $2,548.08pa.

Tender closes 5pm, Wednesday 26th August 2026 (unless sold prior).
…
  • Property type

    House

Features

  • Mountain View
  • Garage
  • Parking
  • Gas Stovetop
  • Stone Countertops
  • Air Conditioning

Explore the Area

127 A-E Massey Street Frankton 3204, Hamilton, Waikato, New Zealand View on Google Maps
Price per sqft
Low
High

View 2 more listings in Frankton

Rod Fox

Joined 2 months ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Rod Fox
New Zealand
View agency profile
2
Listings
2026
Joined

Book home tour with Rod Fox

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Property Brokers
Property Brokers
240 Broadway Avenue, 4414, Palmerston North, New Zealand
View agency profile
Property Brokers is New Zealand’s leading provincial real estate brand. A family-owned and operated business, for o
Property Brokers is New Zealand’s leading provincial real estate brand. A family-owned and operated business, for over 37 years, Property Brokers has maintained a dominant market share in the areas in which it operates. Our Property Brokers family started with five people in 1986 and is now over 900 strong with over 90 locations across the length and breadth of provincial New Zealand. It’s a business built on hard work, discipline, friendships, and a powerful sense of family. A full-service real estate company, our people offer services across residential, lifestyle, rural, commercial, property management and building compliance. With over 7,000+ rental properties under management, Property Brokers manages more residential properties than any other company across provincial New Zealand. If you are looking to buy, sell, rent, or have your property managed, please get in touch.
…
Last updated
September 6
First listed
August 16
Listing reference
71834684-97bf-11f1-831f-6045bdd61ac4
Call

Start phone call with:

Hello, I’m calling for the property with the reference 71834684-97bf-11f1-831f-6045bdd61ac4, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.