Multi income stream investment
129A Forth Street, Dunedin North, Dunedin City
16 4 OSP
Perched on top of Forth Street overlooking Logan Park Sports ground and the Stadium, this property offers great views in a location that services students from the University, Teachers College & the Otago Polytechnic. Walking distance to most faculties and the Unipol (Stadium Gym) has meant this has been fully rented since the vendors purchased in 2007, and rented at $2445pw for 2017, giving you stable fixed-term tenancies. Some landlord costs apply.
The property is split into four flats, a 4 and 5 bedrooms upstairs, and a 3 and 4 bedrooms downstairs. This well presented property has a new roof and has always been an easy let for the owners. Don’t miss this opportunity.
To view other investment options see our website: www.propertyinvestments.nz
Web iD: DO9243
Approximate floor area: 500m2
Rateable value: $950,000
Rates (DCC): $7,590.25
Rates (ORC): $356.60