



This building is available for sale individually, or as part of a 19 Unit Grafton County Portfolio. High-Yield 4-unit repositioning opportunity. Heavy capital improvements include a new metal roof (2020), rebuilt exterior 3rd-floor egress (2024), and a high-efficiency propane furnace (2025). Three of the four apartments were fully renovated in 2024. Operating with strategic vacancy, the property projects highly lucrative Pro Forma Gross Income over $80,000 annually at 2026 market rates. Aged exterior siding is strictly cosmetic, needing only a powerwash to shine, allowing capital focus on forced appreciation. Lockbox for easy showings of empty units; full walkthrough upon accepted offer.
| Year | Tax amount | |
|---|---|---|
| 2024 | USD $3685 | NZD $6,564* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.
Email enquiry to Derek Greene
Property ID: 110106821394
Original Property ID: 3yd-NNERENNH-5081258