Two incomes in Dunedin with appraised 8.1% Yield
62 Law Street, Caversham, Dunedin - $333,000
A Multi income stream located in the popular and handy location of Caversham in Dunedin.
The front flat consists of one large bedroom plus open plan kitchen/living area and tidy bathroom. This unit has large windows and is light and spacious. The flat is currently rented at $210 p/w and has a written rental appraisal of $210 - $220 p/w.
The rear flat has three double bedrooms, open plan kitchen/living area and combined laundry/bathroom. This is currently rented at $260 p/w and has a written rental appraisal of $280 - $300 p/w.
This gives this great opportunity a potential gross yield of 8.1%.
Both flats receive all day sun and have a heat pump. There is also off-street parking.
The property has been well maintained by the current long term vendor.
If you are interested in this multi income property, contact Janet today for further information.
Caversham has good transport links and is a short drive, bus or bike to central Dunedin and the University of Otago. It is in walking or busing distance to South Dunedin's shopping centres and amenities which include doctors, dentist and library. It is close to Carisbrook Primary School and Kings and Queens High School.
Licensed Salesperson - REAA 2008
021 552 191