Description
494 South Road offers a fantastic opportunity for investors looking for a well-maintained, contemporary, and profitable residential investment. The property comprises of three self-contained flats, including two one-bedroom flats and one two-bedroom flat. This property has been recently re roofed with a full exterior paint.
All flats are healthy homes compliant and have undergone tasteful renovations to provide modern and comfortable living spaces for tenants. Offering a shared outdoor area for tenants to enjoy, and Flat B is equipped with a carport. Conveniently located on Dunedin's bus route, making transportation easy with only a short commute to amenities.
With three fixed tenancies in place until the end of 2023/beginning of 2024. Returning over $60,000 per annum:
Flat A is a one bedroom flat rented at $360 per week
Flat B is a one bedroom flat rented at $350 per week
Flat C is a two bedroom flat rented at $445 per week
Now could be the perfect time to secure a rental investment, with prices easing and rental demand still very strong.
Proudly marketed by Nick Beard from Cutlers Real Estate.
