



Massive Value-Add 7-unit opportunity. Offered individually, with the exclusive option to acquire as part of a 19-unit Master Portfolio. Operating with deliberate vacancy, it offers the rare chance to transition to 12- month leases at 2026 HUD FMR, driving projected Pro Forma gross rents over $133,000 annually. Built in 1925, infrastructure is de-risked with a new commercial water heater (2025). Half the roof features highly durable metal guaranteeing decades of life, while the other half shows its age. Interior systems are solid; aged exterior paint is purely cosmetic.
| Year | Tax amount | |
|---|---|---|
| 2024 | USD $5355 | NZD $9,510* |
*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: 110106733761
Original Property ID: 3yd-NNERENNH-5080911