23 Duncan Street

Dunedin Central Otago

506 m²

House

Currently for sale - view listing

Overview

Income, Location & Investment Potential

Proven Income. Central Location. Significant Potential. Now Offers Over $785,000 What would you look for in your next investment? - Strong rental income? - A central location? - Established tenant demand? - Or simply a property where the numbers deserve a closer look? 23 Duncan Street brings all four together. Positioned close to the heart of Dunedin, this substantial nine-bedroom property offers an opportunity to secure an established income-producing asset with potential gross rental income of approximately $95,000 per annum. At an asking price of $785,000+, that equates to a potential gross yield of approximately 12.1% when fully occupied. And with a GV of $910,000, the property offers an interesting proposition for investors looking for value as well as income. The numbers are only part of the story. The property's central location places it within easy walking distance of the University of Otago, Dunedin CBD, public transport, cafés and local amenities, supporting ongoing tenant demand. Inside, the property provides: - Nine generous bedrooms across three levels - Potential gross rental income of approximately $95,000 p.a. - Established tenancy history, including several long-term residents - Communal lounge with heat pump and access to a sunny deck - Spacious rear garden - Functional shared kitchen - Two shared bathrooms - Ceiling insulation - Wall-mounted heaters, microwaves and bar fridges in each bedroom - Selected bedrooms with their own hand basins For investors, the appeal is the combination of scale, income and location in one property. Whether you're an experienced investor looking to add another income-producing property to your portfolio, or you're searching for an investment with strong cash-flow potential, 23 Duncan Street is well worth a closer look. $785,000+ | Potential $95,000 p.a. income | GV $910,000 The numbers speak for themselves. Now is the time to take a closer look.