69 Ann Street
One of Dunedins Best Locations - Dual Income
STRICT VIEWING TIMES: Sitting nicely elevated, up its own leg in driveway, in the true blue chip location of Roslyn, with off street parking for two vehicles is this hidden away investment diamond! Split into 2 flats and returning $460 per week ($23,920 gross per year) the potential upside is obvious and huge! With plenty of improvements including a full exterior paint job and a reroof in coloursteel approximately 2 years ago and rewiring work in 2012, there is still scope long term to enhance the interiors of both flats and reap the rewards. Flat 1 is on a periodic tenancy at $200 per week to a lovely tenant who has called this flat home for 10 years now (and has not missed a weeks rent) and is a real asset in any one's eyes! This flat is situated on the ground floor and has open plan kitchen/living heated by way of a heatpump and boasts a really good sized bedroom and bathroom. Flat 2 has its living and kitchen also on the ground floor with the heating currently provided by way of a log burner with a bathroom, main bedroom and good sized sunroom upstairs. This flat is home to a nice, quiet living couple who have just moved in on a one year fixed term at $260 per week and are looking forward to settling in and enjoying the peaceful and handy location. Just so much to like about this property with some big ticks in its favour... location - tick, potential - tick, immediate and reliable income - tick.
Investors or those looking long term to convert back to a large family home, buyers in the mid $300,000s range should be all over this!!
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