23 Duncan Street

Dunedin Central Otago

506 m²

House

Currently for sale - view listing

Overview

High Yield City Investment!

Proven Cash Flow in a Prime Central Location Positioned just minutes from the heart of Dunedin, 23 Duncan Street presents an outstanding opportunity to secure a purpose-configured investment property with strong income potential and consistent tenant demand. Currently configured as a nine-bedroom boarding house, the property has the potential to generate approximately $95,420 gross rental income per annum when fully occupied. With a history of long-term tenants and professional management, it offers an attractive option for investors seeking reliable cash flow and future growth. Property Highlights: - Nine generous bedrooms arranged over three levels - Potential gross rental income of approximately $95,000 per annum - Established tenancy history, with several residents having enjoyed long-term occupancy - Comfortable communal lounge featuring a heat pump and seamless access to a sunny deck overlooking the spacious rear garden - Functional, well-equipped shared kitchen - Two shared bathrooms servicing the accommodation - Ceiling insulation for improved year-round comfort - Each bedroom includes a wall-mounted heater, microwave and bar fridge, while selected rooms also feature their own hand basin - Excellent central location within easy walking distance of the Dunedin CBD, University of Otago, public transport, cafes and local amenities Offering both dependable income and opportunities to further enhance the property's performance, this is an investment with genuine upside. Whether you're an experienced investor looking to expand your portfolio or entering the boarding house market for the first time, 23 Duncan Street is a compelling opportunity in one of Dunedin's most sought-after rental locations.