9 De Carle Street, Saint Kilda, Dunedin, Otago

This solid multi-unit block presents a rare opportunity to secure a high-yield investment with long-term stability and future growth potential. Comprising three self-contained flats on a single title, this low-maintenance asset, constructed from durable block in the late 1960s, offers both reliability and room for upside.

Flat one, positioned at the front, is a tidy one-bedroom unit with a desirable northern aspect, ensuring excellent natural light in the living space, full bathroom and separate bedroom. Currently rented on a fixed-term lease until October 16, 2025. Flat two features two well-proportioned bedrooms, a full bathroom and open-plan kitchen and living area rented on a periodic tenancy. Flat three offers two generous bedrooms, a full bathroom, and an open-plan kitchen and living space, also on a periodic tenancy. All three flats currently return $1100 per week.

All three units are double-glazed, fitted with heat pumps, and fully compliant with Healthy Homes standards, ensuring tenant comfort and regulatory peace of mind. The property also includes two carports, a large service area at the rear and dedicated clotheslines. Located within walking distance to South Dunedin's shops, schools, and essential amenities, it sits in a high-demand rental area. With rental upside and scope for minor cosmetic enhancements, this is an excellent long-term hold for any investor seeking solid returns and future capital growth. Don't miss adding this prime addition to your portfolio.