[Done Deal] Dual Income Quiet Listing
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Ravensbourne Road, Dunedin 5 Beds 2 Bath
I was contacted directed by the listing agent that this property was a quiet listing and that the owner was keen to sell.
I had actually previously viewed this dual income property the last time it was listed, pre the latest reno on the property so was aware of the layout etc.
At that time, I did not have a Premium Buyers Service Client for this property so I promoted this opportunity to our investor database, along with 2 other Dunedin Deals, by way of the iFindProperty Deal Sheet email.
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I can’t recommend Dean and the IFP Dunedin team enough! I recently bought an investment property through them, and having Dean in my corner made all the difference.
He really went the extra mile to progress the deal, and his local contacts were a huge help during the due diligence. It felt so good knowing I had someone so able and experienced representing me and keeping everything moving smoothly.
I’m already looking forward to teaming up with Dean on the next one!
Barry, Palmerston North
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Quiet Listing
2 X 5 Bed / 1 Bath flats that have been recently renovated.
Suburb close to city. Lots of off-street parking available.
8.7% Gross yield incl IFP fee
Total Cost $1,095,000
Cash flow Positive by $12,000 per annum
As a result of the client enquiring after a "deal sheet" email, an investor from our database engaged me as their buyers agent.
I initially worked through a different property with the client, but after some discussions and analysis we concluded out it wouldn’t suit them and focussed on this property as the yield was too good to ignore.
After the offer was accepted, I guided my North Island buyer through a thorough Due Diligence process which uncovered a couple of red flags. Happily, the vendor committed to completing some small upgrades/fixes on the property prior to settlement to ensure the property was Healthy Homes compliant. The client has some further upgrades they have budgeted to complete in the future around the student tenants and will complete these on their own schedule.
A great outcome for this client.