The beeches, queenstown, apartments converted to short term rentals

We purchased these 2 apartments and converted them to high-end short-term rentals in a strong short-term stay market.


key investment results

  • Release date: 2005

  • Results date: 2007

  • Stock quantity: 2

  • Timeframe: 3.5 years

  • Conversion of 2 x large apartments to high end short term rentals

  • Apartment conversion to short-term rentals

  • Purchase price: $962,500

  • Value at end: $1,800,000

  • Deal profit: $837,500

  • Deal profit: 87%

  • Yield on cost: 20%