[Done Deal] 7.9% GY Multi-Income Deal
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Elgin Road, Dunedin 6 Beds 3 Bath 170 sqm
DEAL WON THROUGH BUYERS AGENCY
Recently purchased through our Buyer’s Agency Service, this property is an example of an investor who jumped at a deal promoted through the iFindProperty Deal Sheet.
My client had purchased an investment property in Hawkes Bay last year through iFindProperty and was keen to continue to grow and diversify the locations of his portfolio.
We chatted about multi-income properties, and I shared some of my recent deals for clients as well as other multi-income properties that had sold in the last 3-6 months to expand the client's knowledge of the Dunedin market.
After a bit of a delay while the client investigated an investment opportunity in the North Island, my client returned to show interest in one of the Dunedin Deals advertised in our Deal Sheet Email.
I quickly got to work sharing information and photos of the property, and put together some commentary on the area and tenants, etc., as well as the Cashflow Spreadsheet based on a suggested top-dollar offer.
After winning a multi-offer scenario on the property , we got to ordering the LIM, Build, and Healthy Homes Reports. I also provided some referrals for potential property managers and made a referral to an insurance broker and to the team at Valuit.
Get in touch to chat about your own property investment goals. We can't wait to source the perfect deal for you.
Having recently purchased a multi-income property through Dean Horo in Dunedin, I can highly recommend the service he provides. For an out-of-town investor, having someone with Deans expertise on the ground made the process a breeze. He’s knowledgeable, easy to communicate with and has enabled me to purchase a property I otherwise wouldn’t have found, Thanks Dean.
Tom Kilby, Auckland
Description
A former butcher’s shop, this property had evolved over time into three well-maintained self-contained flats, with two groups of residents having made it their home for approximately 38 and 26 years.
The large garage was also independently rented.
At the purchase price, the property is yielding a very strong 7.9% gross yield.
A really solid multi-income Dunedin property in a very popular suburb.
PROPERTY DETAILS
- Bedrooms: 6
- Bathrooms: 3
- Car parking: 3+
- Floor area: 170 sqm
- Land area: 472 sqm
- Estate type: Freehold
AMENITIES
Schooling, a supermarket, bakery and cafés within walking distance