138 Queen Street, Central Dunedin, Otago

138 Queen Street, Central Dunedin, Otago Annual rental income $72,800

This 7-bedroom stand-alone townhouse is an opportunity for investors. Since the substantial renovation and partial re-build in 2020 this property has been a very popular rental since. It is fully Healthy Homes Compliant and currently rented for 2024 at $1,400 per week. In 2025 this property will be rented at $1505 per week. Annual rental income: $72,800Potential to make 6.66% rental yield. A good return for a property which has already been modernised throughout! For premium student properties in the North Dunedin area, we typically see an annual price increase of $10-$15 per week per bedroom. This means there is a potential to earn up to an extra $105 per week in 2025, giving you an annual rental income of $78,260 in 2025.The details: * Annual rental income: $72,800* Potential to make 6.66% rental yield* Rent per week $1400 (2024) (2025 Rent will be $1505 per week) * Substantially renovated * Quick 15-minute walk to the University of Otago* Healthy Homes Compliant * 7 double bedrooms, as well as 3 bathrooms and 4 toilets in total* Easy care 337sqm section, with beautiful views of the city* INCLUDES WHITEWARE! Dishwasher, Fridge, Washer & Dryer!The layout: Spacious open plan living with, 2 bedrooms, a full bathroom and toilet on the ground floor, 3 more bedrooms and a bathroom on the first floor with 2 additional bedrooms and a 3rd bathroom on the second floor, a light colour scheme throughout and a heat pump on each level.If you're thinking about investing in a rental property this property is sure to tick boxes!Proudly marketed by Kimberley Rosenbrock. For more information about this property call 0508 SELL DUNEDIN.