Otago University Flats for sale

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78 Stafford Street

78 Stafford Street Otago
proudly marketed by
Bradley Lee
One Agency The Property Specialists -Dunedin
Attention all astute investors. This centrally located property is the prime opportunity for someone looking to secure a property that not only provides great cash flow but also provides tenants with a home that is close to all amenities. The property is located within walking distance to town which will make finding tenants for this property a breeze. The property is currently rented room by room and has an earning potential of approximately $1,000 per week. Some landlord costs apply. There are four bedrooms in the home and there is also the addition of a fifth bedroom in the sleepout. The sleepout bedroom has its own kitchenette and bathroom making it fully self-contained. One of the main bedrooms in the house is also fully self-contained with a separate kitchenette/dining and walk-in robe, plus ensuite. The rest of the tenants share a communal kitchen and living space. The kitchen is tidy and practical and has plenty of space for tenants to prepare meals. The living area is spacious and has plenty of space for tenants to enjoy some downtime and relax. The home is well heated with a heat pump and a wood burner and there is also good insulation in the ceiling. The owners have had a Healthy Homes report done and will have this up to Healthy Homes standards for the new owner. The property also has a double garage that could be used as tenant parking or storage or alternatively, this could be rented out as parking in this location is at a premium. This would add another income stream to the property. This property has so much potential and is one that will appeal to the astute investor who understands the importance of cash flow.
Upload by Ewen Livingstone
Otago and Southland
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