Ready to Invest? Great Yield in Dunedin
92 South Road, The Glen, Dunedin - $284,000
This is a Multi Income Property that has been a great long term rental investment for the current vendors.
Both flats consist of one bedroom, tidy kitchen and bathroom. They also have a good sized living area complete with a heat pump in each flat.
There is a back yard and off-street parking, and the property is within walking distance to South Dunedin's shopping centre and only a few minutes' drive to the central city.
This location is 20 mins by bus or bike to University of Otago so is close enough for student rental but also is open to the general rental market.
The current rental income is $210 for one flat and $200 for the other. We have a written rental appraisal of $210 p/w per unit, $420 p/w total which is a potential gross yield of 7.6%.
If you would like more information on this multi-income property contact Janet today.
Close to transport links and a short drive, bus or bike to central Dunedin and the University of Otago. It is walking 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