9 De Carle Street, St Kilda, Dunedin City

Triple income with growth potential

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9 De Carle Street, St Kilda, Dunedin City

Triple income with growth potential

Residential property For Sale

Deadline Sale closing 26th March 2025 at 2pm

(prior unconditional offers may be considered)

About

This solid multi-unit block presents a rare opportunity to secure a high-yield investment with long-term stability and future growth potential. Comprising three self-contained flats on a single title, this low-maintenance asset, constructed from durable block in the late 1960s, offers both reliability and room for upside.

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Flat one, positioned at the front, is a tidy one-bedroom unit with a desirable northern aspect, ensuring excellent natural light in the living space, full bathroom and separate bedroom. Currently rented on a fixed-term lease until October 16, 2025. Flat two features two well-proportioned bedrooms, a full bathroom and open-plan kitchen and living area rented on a periodic tenancy. Flat three offers two generous bedrooms, a full bathroom, and an open-plan kitchen and living space, also on a periodic tenancy. All three flats currently return $1100 per week.

All three units are double-glazed, fitted with heat pumps, and fully compliant with Healthy Homes standards, ensuring tenant comfort and regulatory peace of mind. The property also includes two carports, a large service area at the rear and dedicated clotheslines. Located within walking distance to South Dunedin's shops, schools, and essential amenities, it sits in a high-demand rental area. With rental upside and scope for minor cosmetic enhancements, this is an excellent long-term hold for any investor seeking solid returns and future capital growth. Don't miss adding this prime addition to your portfolio.

property details +

Web iD: DO12018
Approximate land area: 369m2
Approximate floor area: 160m2

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Agent

Noel Jenkins

Noel Jenkins

Property Consultant

Mobile: 027 2888 450
Direct dial: 03 470 2524