36 May Street Hamilton East, Hamilton City

A fantastic opportunity here with a residential high-density 830m2 section in Hamilton East.

Remove the house and develop this block of land which is close to the University of Waikato, rent out the house as one, or rent out on a room by room basis as the current owners have. This is a great Home and Income opportunity also.

The current owners have been renting out room by room, including wifi and power and have had a gross return of $1,115 per week (internet, grounds/lawns and electricity average $130 per week) making this a great investment opportunity. There are currently 5 tenants in place.

The property has one attic room, four bedrooms in the main part of the house and a room off the garage . At the front there is also a seperate Studio Unit with its own a kitchenette and bathroom. There is plenty of room to add value here if you wish to renovate!

Contact either Kim or Jess for further information.