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.


Highlights:

Property Features: 3 Br and 1 Br

  • Price: $333,000
  • Gross Yield: Potential 8.1%
  • Capital Value: $200,000
  • Registered Value: $200,000
  • Rental Status: $470 p/w
    $260 p/w - 3 Bedroom
    $210 p/w - 1 Bedroom
  • Rent Appraisal: Potential $520 p/w
    $280 - $300 p/w - 3 Bedroom
    $210 - $220 p/w - 1 Bedroom
  • Annual Rates: $2,940
  • Estate Type: Freehold
  • Floor Area: 150m2
  • Land Area: 390m2

Are we close?

If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

Additional Information

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.

Amenities

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.

QV Property Report 62 Law Street Caversham Dunedin.pdf

iFindProperty Janet Dixon

Janet Dixon
Licensed Salesperson - REAA 2008

janet@ifindproperty.co.nz
021 552 191

Contact us about this property

Agent Contact Details

iFindProperty Janet Dixon

Janet Dixon
Licensed Salesperson - REAA 2008

janet@ifindproperty.co.nz
021 552 191

I just wanted to say a quick thank you for all the advice, tips and encouragement you have given me the past 2 months - including over your Christmas and New Year holidays Janet!

I've loved every bit of the process and can't wait to do it again! I will be recommending iFind to anyone who will listen!

We finally have our much dreamed about, first rental and I am so pleased that I called you Maree. Janet was well and truly amazing and I am beyond pleased.

What a wonderful business you have set up.."