Central City Cash Cow
22 Russell Street, North Dunedin, Dunedin, Otago
Enquiries over $649,000
- 5 Beds
- 2 Baths
- 180m² Floor
- 195m² Land
|Capital value (CV)
|Broadband in the area
If you've been searching for a cash cow close to the city centre, look no further than this two for one on Russell Street.
Its current set up includes a four bedroom property at the front returning $640 per week on a fixed term tenancy until January 21 2025. It has been carefully renovated by my vendor including updates to the kitchen, bathroom, flooring, carpet, and paint throughout.
The one bedroom provides an opportunity to add value and by doing so increasing the weekly rent roll. My vendor has recently re floored the property, including new carpets. It is currently leased on a fixed term tenancy until October 2024, giving the buyer new buyer some security of income.
Centrally located, properties such as this are few and far between in the current market - With a total of $900 per week in rent, and the ability to increase through cosmetic enhancements to the back, this property provides an exciting opportunity for the new purchaser.
Proudly marketed by Nick Beard from Cutlers Real Estate.