Listed: Mon, 16 Mar

The Mangapapa Money Maker

32 King Street, Mangapapa, Gisborne, Gisborne

Price by negotiation

6+ Beds
2 Baths
333m² Floor
868m² Land

Attribute	Value
Property type	House
Capital value (CV)	$948,000
Agency reference	TA3221
Broadband in the area	Fibre, Satellite, Wireless

This is a rare opportunity to secure a solid investment with two dwellings on one title, offering immediate rental income and future potential.

The front home features five bedrooms and two living areas, with the added convenience of a second toilet, making it ideal for families. The rear dwelling offers three bedrooms with an open-plan kitchen and living area, providing comfortable and functional living.

Currently returning $650 per week for the front home and $550 per week for the rear, this property generates a combined income of $1,200 per week.

With an RV of $948,000, rates of $7,850.42, and great tenants who would love to stay, this is a ready-made investment with reliable income from day one.

Key Features:

Two dwellings on one title

Combined rental income of $1,200 per week

Healthy Homes Report available

Professionally managed by The Agency Property Management

Subdivision half completed, subject to titles being issued

Contact Karyn or Shannon today to request the information pack and a copy of the Sale and Purchase Agreement. View by appointment only.

Open home times

No times scheduled

Property Files

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Request the files from Shannon.

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Local Schools

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