37 and 39 Cutten Street, South Dunedin, Dunedin

A proven double-barrelled investment

A tried and tested rental investment that has achieved everything the owners would have wanted can now be yours. Comprising two tidy but older decor properties side by side on separate freehold titles which will only be sold together. Currently both have fixed term tenancies with 37 Cutten Street at $340 per week (ending 22 January 2021) and 39 Cutten Street at $250 per week (ending 24 January 2019).
Each dwelling has two double bedrooms with a good sized living room and both have heat pumps and compliant insulation.
37 has a slightly larger kitchen dining area and leads to a large bathroom with laundry. 39 has a smaller kitchen without the dining space and again the laundry facilities are in the bathroom. Add two small fenced yards and this has rented really well for years and is ready for the next landlord to oversee them.
Each lot is 168sqm (approximately) and the dwellings (circa 1910s) 70sqm (approximately) with current total DCC rates $3430.05 per annum. The property has only on-street parking but is extremely handy to local bus routes and the bustling South Dunedin shopping precinct. Longer term this could alternatively be an ideal home and income opportunity. Price guide - enquiries over $439,000 - act smartly to secure.