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3 Hurndall Street East, Maungaturoto, Kaipara

By negotiation

15

6

10

7,057m²

Multi-Unit Cashflow Asset Big Land, Big Returns

Here in Maungaturoto a high-yield residential investment property a former commercial/community asset (bowling club) into a multi-income residential complex.

Here is a breakdown of the key elements:

• - Land Area: 7,057 m² of level flat land

• - Current Configuration: 7 distinct rental streams across 15 bedrooms:

- 1 × 4-bedroom unit

- 2 × 3-bedroom unit

- 1 × 2-bedroom unit

- 3 × 1-bedroom studio’s

• Key Upgrades: Significant capital expenditure already executed—roofing, exterior painting, and updated water storage infrastructure (crucial for a property of this scale on tank water). UV filter included and with council supply

if top-up is required, not forgetting a major electrical upgrade was also implemented

• Performance: Upgraded housing standards have directly driven up tenant quality and occupancy stability.

Having 7 independent tenancies drastically reduces vacancy risk compared to single-unit properties. If one unit is vacant for a short time, the rental income continues uninterrupted.

The mix from 1-bedroom to 4-bedroom units caters to a wide local demographic—from single workers and couples to full families—maximizing the potential tenant pool in Kaipara.

Major systemic maintenance (roofing, exterior envelope, and water capacity) has already been absorbed by the current owner, freeing up immediate cash flow for the buyer without impending major capital calls.

A flat 0.7-hectare site previously used as a bowling club suggests substantial unbuilt land area. Depending on Kaipara District Council zoning rules (e.g. Residential), there may be scope for further multi-unit development, tiny

homes, or adding communal amenities/storage sheds. To further increase your yield.

How would you like to proceed with this property analysis?

Ultimate Multi-Unit Cashflow Asset

Big Land, Big Returns

Massive Multi-Unit Cash Cow

See this listing on Barfoot & Thompson

Additional details

Type

Unit

Property ID

941914

Listed on

30/09/2026

Updated

2 hours ago

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Rating valuation

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OneRoof mentions

Listed for sale on OneRoof for 1 days (last updated on 30 September) and was last sold in 2019 for $695,000. Its latest rating valuation by Kaipara council is $1,120,000 as of 2023. There are 3 15-bedroom properties for sale nearby. There are 48 properties for sale in Maungaturoto.

Property data

On OneRoof

0 days

Property Type

Unit

Floor Area

520m²

Title

Freehold

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Maungaturoto, Kaipara

Maungaturoto is a suburb which lies within the Territorial Authority of Kaipara, one of 21 residential suburbs which form the wider region. Maungaturoto is the 6th largest suburb of Kaipara in terms of the total number of residential housing stock. Maungaturoto provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Maungaturoto is made up of approximately 52% residential housing , 1% residential investment housing and 47% lifestyle properties.

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