Live In One and Rent One Out!
This well-maintained weatherboard property is the perfect first home or investment. It consists of two one-bedroom self-contained flats, both of which have good sized kitchens and living areas, large spacious bedrooms and tidy bathrooms. 38 Malvern street has a wood burner and 38A Malvern street has a heat pump. Flat rear yard with ample off-street parking.
The location of the property is great, it is close to Woodhaugh Gardens, within walking distance to University, and has a bus stop at the gate.
It is currently tenanted at $220 and $230 per week each on a fixed tenancy to the end of the year. There is a lot of demand for one bedroom flats for both young couples and senior students, which means there is great potential for a rent increase. It is perfect timing for you to step in and set up the new rent for 2021.
There are plenty of options to further develop the property and reap the rewards. Would also be ideal for children studying at University 2021. Do not miss out on this fantastic opportunity!
INSPECTION
- By appointment
PROPERTY DETAILS
- House Size: 130 sqm
- Land Size: 502 sqm
Location
38 Malvern Street, Dunedin
Salesperson
KAREN TANG
Real Estate has become a career I'm passionate about. This is evidenced by the 42 sales with a combined value of $17.2 million I sold in the last 15 months, and the referral...