Listing Description
Strong returns in a prime location
135/137 Grampian Street, Tokoroa, South Waikato, Waikato
Details
| Attribute | Value |
|---|---|
| Property type | Unit |
| Capital value (CV) | $945,000 |
| Parking | 4 carports |
| Agency reference | TOU215647 |
| Broadband in the area |
Description
Located in a desirable south-side location, this well-maintained investment opportunity offers four tidy two-bedroom units on two separate titles, ideal for investors seeking strong returns and long-term flexibility.
Each unit features its own carport and a separate storage space, providing practical living and added tenant appeal. The property is currently fully tenanted with lovely, reliable occupants who are happy to stay, ensuring immediate and consistent income from day one.
The current annual rental income is $77,480, delivering a solid gross yield of 7.91%. With a recent rental appraisal indicating potential for increased returns, the gross yield could improve to approximately 9.14%, making this an attractive high-yield investment in today’s market.
The property has also benefited from recent roof maintenance, including new stainless steel screws, with all roof sheets resealed and repainted, providing added durability and peace of mind for future owners.
Offering multiple income streams across two titles, this is an excellent opportunity for investors seeking a low-maintenance, income-producing asset with strong future potential.
Contact the listing agent today for further information.
Open home times
Local Schools
While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.
