Caversham, Dunedin City

Positioned in a highly convenient location, 377 South Road presents an outstanding opportunity for investors seeking immediate rental income with future upside.The property has been configured into two self-contained one-bedroom flats, each offering comfortable, low-maintenance living. Both flats feature:-One double bedroomFunctional kitchenSeparate loungeBathroomLaundry facilitiesHeat pump for year-round comfortPrivate, easy-care outdoor spaceFlat 377 is currently rented at $280 per week, while Flat 377A returns $310 per week, providing a combined rental income of $590 per week.The rear flat, 377A, benefits from off-street parking accessed via Morrison Street, adding further appeal for tenants.Located within walking distance to local shops, services, public transport and everyday amenities, this is a property that continues to attract strong tenant demand.Adding to its appeal is the potential for future development, particularly when considered alongside the neighbouring property currently for sale at 8 Morrison Street, creating exciting possibilities for investors, developers or land bankers looking to maximise the site's potential.Whether you're looking to expand your investment portfolio, secure a dual-income property or explore future development opportunities, 377 South Road is a property worthy of serious consideration.Current Rental Income: $590 per weekTwo Self-Contained FlatsLow-Maintenance LivingExcellent LocationDevelopment PotentialPlease note, editing has been used on the photos.