Living area
Kitchen
Beds
• 12 units (8x2 bedroom & 4x1 bedroom)
• $314,080 gross income
• Healthy Home Compliant
• Outstanding Location
• Two freehold titles
• On site parking
• 1401m2 approx land
Superbly located just a few minutes walk from the Napier CBD is this outstanding & well maintained multi unit accommodation property which is fully tenanted and returning an impressive $314,080 per year.
The tenants love the location for ease of access to supermarkets, dairies, bus stops and fast food.
There's no end in sight with the demand for rental accommodation and with the risk being split across 12 units, this investment will tick most, if not all boxes for the savvy investor.
Make no mistake, this is a rare opportunity, and properties like this don't come up very often.
Our vendor is motivated to sell, and your earliest inspection is recommended.
For further information contact the sole agent Shannon Caldwell on 021879337.
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Napier Intermediate | 0.30 km | Secondary | 7-8 | Government | Co-Educational | EQI: 483 | 4 | |
Napier Central School | 0.53 km | Primary | 1-6 | Government | Co-Educational | EQI: 407 | 8 | |
Napier Girls' High School | 1.13 km | Secondary | 9-15 | Government | Single Sex-Girls | EQI: 441 | 6 | |
Napier Boys' High School | 2.63 km | Secondary | 9-15 | Government | Single Sex-Boys | EQI: 449 | 6 | |
St Joseph's Maori Girls' College | 5.71 km | Secondary | 7-15 | Government | Single Sex-Girls | EQI: 516 | 2 | |
Lindisfarne College | 15.93 km | Secondary | 7-15 | Government | Single Sex-Boys | EQI: 396 | 9 | |
Taikura Rudolf Steiner School | 16.79 km | Combined | 1-13 | Government | Co-Educational | EQI: 434 | 6 | |
St John's College (Hastings) | 16.87 km | Secondary | 9-15 | Government | Single Sex-Boys | EQI: 454 | 4 | |
Hastings Christian School | 19.15 km | Combined | 1-13 | Government | Co-Educational | EQI: 424 | 7 | |
Iona College | 20.85 km | Secondary | 7-15 | Government | Single Sex-Girls | EQI: 394 | 10 | |
Woodford House | 21.41 km | Secondary | 7-15 | Government | Single Sex-Girls | EQI: 396 | 9 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.16 km | 2 | 1 | -m2 | Year 2024 Month 05 Day 09 | $590,000 | Council approved | |
 | 2.23 km | 2 | 1 | -m2 | Year 2024 Month 05 Day 07 | $623,500 | Council approved | |
 | 0.83 km | 3 | 1 | -m2 | Year 2024 Month 04 Day 17 | $555,000 | Council approved | |
 | 0.45 km | -m2 | Year 2024 Month 02 Day 01 | $220,000 | Council approved | |||
 | 0.77 km | 3 | 1 | -m2 | Year 2024 Month 01 Day 25 | $727,000 | Council approved |