5 Rapaki Place, Te Atatu Peninsula


Good property puts you in a strong position now and in the future and 5 Rapaki Place is a brilliant example. Here you have a legal home and income on a full section with stormwater access on site and a tranquil park outlook. The property comprises two standalone dwellings with separate street addresses and sits at the end of a small no-exit street. The main house features well sized open plan living flowing to an elevated deck, 3 bedrooms and 1 bathroom and is currently delivering $550 per week in rent from long-standing tenants who are in place until 3 March 2020 but who would love to stay on. Next to it and on its own driveway, the adorable mini-me minor dwelling features open plan living with a decent kitchen area, a sunny and private deck and garden area and 1 bedroom and 1 bathroom. It’s currently delivering $330 per week in rent from a tenant who is in place until 3 November 2019 but who would also love to stay for longer. These two sunny units deliver a combined rental income of $880 per week and if the current tenants decide to move on, the vendor’s property management agency tells us both properties rent easily given the peaceful location. With small improvements including heat pumps at both properties, rent is appraised at up to $970 per week. Positioned on a freehold north and west facing section with views across to Taipari Strand Reserve and the estuary, this Mixed Housing Suburban zoned spots puts you on the front foot when it comes to subdivision potential or on-selling with this on offer. A huge double garage and extensive driveway parking round out the specifications list. Te Atatu Peninsula is a family and young professional friendly suburb within easy commuting distance of the city. The town centre features great cafes and restaurants with a relaxed, community vibe. Local schools include Matipo Primary (next door to the property), Peninsula Primary, Te Atatu Intermediate and Rutherford College. Viewing is strictly by appointment only. Please call our agent to book a time and for more information.
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Title reference NA37D/1177
Land area 812m2
Floor area (approximate) 160m2
Legal description Lot 2 Deposited Plan 81390
Title type Fee simple
Auckland Council rates $3,421.87
Curtains, Fixed floor coverings, Garden shed, Oven, Light fittings