361 Rattray Street, Central City, Dunedin

Two tidy flats - investment or home and income?

Handily located close to the CBD on Rattray Street just up from Kavanagh College these two x two bedroom adjoining flats (total 176sqm approximately) offer a sound investment opportunity given the current and future outlook for Dunedin. The front flat (originally built in the 1950s) has, all on one level, two large bedrooms, a lounge with sunroom, central bathroom with shower over bath and a well equipped kitchen/dining area with a laundry to the rear entrance. Heating is provided by a heat pump. The chic rear flat (1990s) has a modern kitchen (with laundry) bathroom with vanity and shower and then a step up to a sunny roomy dining/living area (which opens out to a courtyard). Heating here again is from a heat pump. A stairwell leads to two large upstairs bedrooms with a powder room (toilet and vanity) between. Currently tenanted at $305 and $310 per week . GV $465,000. Supportive documentation available for approved purchasers. Be quick for this one!