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Listed 5 months ago

ID#594623

Dunedin Central

Dunedin
$1,189,000
7
4
0
Approx
270
(≈2,906.25 sq.ft.)
Approx
727
(≈7,825.36 sq.ft.)

Versatile Multi-Dwelling Investment

Comprising of a generous four-bedroom flat on the ground floor, and accompanied by three self-contained single bedroom units above, 110 Stafford Street presents a unique and versatile accommodation solution for a mixture of tenants.

Immaculately presented and maintained, the property attracts both discerning students and working professionals, while offering ample off-street parking with a spacious area to the rear, capable of holding approximately five vehicles. The added convenience of a freestanding single garage and sizeable garden shed ensures storage needs are well catered for.

Recent refurbishments include a sleek, modern bathroom and kitchen in the lower flat, and an updated bathroom in one of the upstairs units, which not only enhance the living experience but also speak to the meticulous attention to detail invested in the property's upkeep. Although further modernisation of the remaining upper units could see potential for increased revenue, the property currently enjoys a healthy rental income of $1,730 per week under fixed-term tenancies.

Pride of ownership is evident throughout; with the structure, grounds, electrical systems, and interiors all in good condition, little is left to be desired. The property also boasts a favourable earthquake report, indicating no seismic vulnerabilities.

For the astute investor, 110 Stafford Street stands as a turn-key proposition with the promise of further income optimisation - a rare and attractive addition to any property portfolio.

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.

Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.

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Agent

Matt Morton

Matt Morton& Co

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

Matt’s inception into real estate started in 2011. With 22 years of business and commercial management experience, Matt has developed a reputation in the real estate sector for a very high level of quality and professionalism and introduced a residential investment selling strategy that still exceeds buyers’ and clients’ expectations.

He is trusted by clients nationwide and abroad to deliver a smooth sales process leading to record sales, and his local knowledge and understanding of the market is called upon by an array of stakeholders throughout the investment property sector. Matt continues to command the respect of his peers; professional colleagues and the wider investment community.

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This property was photographed by

Ewen Livingstone

Media Specialist

Otago and Southland

ID#594623

Dunedin Central

Dunedin
$1,189,000
proudly marketed by
Matt Morton
Matt Morton& Co
Matt
021 577 800
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