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Back 1 & 1A/32-36 Riverside Street
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1 & 1A/32-36 Riverside Street

Mawson Lakes SA 5095

2
2
1
154 m²
Apartment
Currently for sale - view listing

Overview

Dual investment opportunity in the heart of Mawson Lakes

Unit 1 & 1A/32-36 Riverside Street, Mawson Lakes SA Opportunities like this don't come around every day! Presenting a unique opportunity to secure two separately tenanted units in one of Adelaide's most popular and sought-after northern suburbs - Mawson Lakes. Whether you're an experienced investor looking to expand your portfolio or seeking a smart entry into the property investment market, this is an opportunity that deserves your attention. Offered together as a combined investment package, these two tenanted units provide an attractive opportunity to enjoy dual rental income from day one, with a combined return of $780 per week ($40,560 per annum). Unit 1 (Top floor) - Spacious 1 bedroom with ceiling fans - Cozy lounge area with a split system aircon for all year comfort and downlights throughout the apartment - Large balcony - Fully equipped kitchen with electric cooktop & oven - Modern style bathroom - 1 Secured car space Unit 1A (Ground floor) - Spacious single bedroom - Modern stlye bathroom - Fully equipped kitchen with electric cooktop & oven - No car space Why Investors Will Love This Opportunity? Two properties offered together. Combined rental income of $780 per week. Possible rental income upto $900 per week. Both properties are currently tenanted. Two independent rental income streams. Convenient location in the highly sought-after suburb of Mawson Lakes. An opportunity to build your investment portfolio with two income-producing properties in one purchase. Unit 1 Rental Income-$420 per week (potential upto $450 per week) Unit 1A rental income-$360 per week (potential upto $450 per week) Outgoings: Strata-$1,812.50 admin + sinking for both units (per quarter) Council-$330 for both units (per quarter) Mawson Lakes is a popular and well-established suburb, known for its modern infrastructure, convenient amenities and strong appeal among students, professionals and families. With shopping, cafes, restaurants, public transport, parks and educational facilities nearby, Mawson Lakes continues to attract tenants looking for a convenient and connected lifestyle. Two properties. Two rental incomes. One smart investment opportunity. RLA286049 Disclaimer: All information provided has been obtained from sources we believe to be accurate. However, we cannot guarantee its accuracy and accept no liability for any errors or omissions. Interested parties should make their own enquiries and seek independent advice. First Home Owner Grant and stamp duty relief eligibility is subject to government criteria and approval.

Features

2 bedrooms
2 bathrooms
1 carspace
1 carport space
154 m² floor area
Apartment

Happy sellers in Mawson Lakes

97%
97% of sellers in Mawson Lakes reported that their sale price either exceeded or met their price expectations.

Mawson Lakes stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Mawson Lakes over the last 12 months.

Local market activity for 2 bedroom apartments in Mawson Lakes

In the last 12 months, 40 two-bedroom apartments similar to 1 & 1A/32-36 Riverside Street, have been sold.

This represents a 39% increase in two-bedroom apartments sales when compared to the previous 12 months.

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