Exceptional Multi Unit Residential Opportunity For Investors

Here in Maungaturoto, a high-yield residential investment property, a former commercial/community asset (bowling club) into a multi-income residential complex.

Here is a breakdown of the key elements:

• - Land Area: 7,057 m² of level flat land

• - Current Configuration: 7 distinct rental streams across 15 bedrooms:
- 1 × 4-bedroom unit
- 2 × 3-bedroom unit
- 1 × 2-bedroom unit
- 3 × 1-bedroom studio’s

• - Key Upgrades: Significant capital expenditure already executed—roofing, exterior painting, and updated water storage infrastructure (crucial for a property of this scale on tank water). UV filter included and with council supply. If top-up is required, not forgetting a major electrical upgrade was also implemented

• - Performance: Upgraded housing standards have directly driven up tenant quality and occupancy stability.

Having 7 independent tenancies drastically reduces vacancy risk compared to single-unit properties. If one unit is vacant for a short time, the rental income continues uninterrupted.

The mix from 1-bedroom to 4-bedroom units caters to a wide local demographic—from single workers and couples to full families—maximizing the potential tenant pool in Kaipara.

Major systemic maintenance (roofing, exterior envelope, and water capacity) has already been absorbed by the current owner, freeing up immediate cash flow for the buyer without impending major capital calls.

A flat 0.7-hectare site previously used as a bowling club suggests substantial unbuilt land area. Depending on Kaipara District Council zoning rules (e.g. Residential), there may be scope for further multi-unit development, tiny homes, or adding communal amenities/storage sheds. To further increase your yield.

How would you like to proceed with this property analysis?

Ultimate Multi-Unit Cashflow Asset
Big Land, Big Returns
Massive Multi-Unit Cash Cow