Cash cow Cash Cow Cash Cow

Kapiti Coast, New Zealand, 5512

Residential

• 5 bedrooms
• 5 bathrooms
• 330 sqm
• 1,141 m² plot

This property won't be on the market much longer 1/ Currently set up as five separate flats - four one-bedroom and one bedsit 2/ Potential for up to six income streams when fully tenanted, including the shed* 3/ Estimated residential income of approximately $110,000 per annum when fully tenanted* 4/ Separate power meters to the units - convenient for tenant billing* 5/ Spacious 1,147sqm (more or less) section 6/ Privately positioned down a driveway with ample off-street parking 7/ Large shed offering further income and value-add potential 8/ Generous communal outdoor space 9/ Heat pumps and bathroom extractor fans to the units* 10/ Water charges included in the rates* Positioned in a central Otaki location, within easy walking or biking distance of schools, public transport, cafés, shops and local amenities. With Otaki approximately 55 minutes from Wellington CBD, the area continues to attract quality tenants and steady rental demand. With key infrastructure upgrades, separate power meters and water charges included in the rates, much of the groundwork has been done - an appealing option for an investor seeking a multi-income holding on the Kāpiti Coast. Contact Sandy Williams - G…