33 Park Street, North Dunedin 9010
This solid brick and tile property sits in a very prominent position on the corner of the most popular street for students entering their 3rd year at university.
From 2007 to 2017 it was rented out on a room by room basis. It was then remodeled in the summer of 2017 and rented out to a group on a joint lease for the first time in 2018. It has been rented to groups of girls for 2019 and 2020 at $1120 and $1190 per week respectively.
With spacious bedrooms, 2 new bathrooms (out of 3) and near new carpet and paint throughout, this investment continues to gain popularity so you should expect the rent to continue to increase each year going forward.
As an added bonus you may also be able to convert the garage into an 8th bedroom (subject to consent).
This is one of the more exciting investment opportunities in the University area and should be near the top of your list of possible investments to consider.
Tender Closes at 4.00pm on Thursday the 18th of July 2019.
Proudly Marketed by Matt Cutler of Cutlers Real Estate.