2 Corilin Place, Mangakakahi, Rotorua, Bay of Plenty

2 Corilin Place, Mangakakahi, Rotorua, Bay of Plenty Dual-Income Investment Opportunity

Welcome to an exceptional investment opportunity with dual-income potential, situated on a generous 890m² (more or less) freehold title. This property features two homes on one title, each with its own access and private gate, making it ideal for long-term rental income or multi-generational living.

The first home is a spacious 3-bedroom, 1-bathroom residence, perfect for families or tenants seeking comfort and convenience. Inside, you'll find an open-plan kitchen and dining area that creates a warm, inviting space for daily living. A separate lounge offers additional room to relax, while a dedicated laundry room adds practicality. Outdoors, the double high-stud shed with power provides a versatile space for a workshop, storage, or other hobbies, further enhancing the property's appeal.

The second home is a charming 2-bedroom, 1-bathroom residence with a cozy lounge, ideal for unwinding after a long day. A bright sunroom adds extra living space and natural light. Additionally, there's a carport for off-street parking and ample room for a boat, caravan, or extra vehicles, providing a fantastic solution for those with recreational needs.

Both homes have been thoughtfully designed to offer complete privacy, each with independent access points and gates, ensuring the perfect balance of shared land and individual living spaces.

This property is a perfect addition to any investment portfolio, offering strong rental yields. The 3-bedroom home currently generates a median rental income of $590 per week, while the 2-bedroom home brings in a median rental income of $500 per week. Together, these homes offer an attractive income stream, with a total yield of 6.6%, making it an ideal choice for savvy investors seeking maximum returns.

Don't miss out on this incredible opportunity to secure a property that offers flexibility, great financial benefits, and investment potential. Whether you're looking to expand your portfolio or explore future development possibilities, this opportunity should not be overlooked. Contact us today for more information or to schedule a viewing!