1 & 2/4 Terry Drive

Inverell NSW 2360

825 m²

Block of units

Currently for sale - view listing

Overview

Two Properties. Two Income Streams. One Smart Investment.

Whether you're looking to expand your investment portfolio or secure a comfortable home with the added benefit of rental income, this impressive dual-unit property at 4 Terry Drive, Inverell, is certainly worth your attention. Comprising two near-new residential units offered together on a single title, the property provides a wonderful combination of modern, low-maintenance living and investment potential. For investors, the opportunity is particularly appealing, with both units currently leased and generating a combined $820 per week in rental income, equivalent to $42,640 per annum. Alternatively, owner-occupiers may wish to make one of the units their own, while continuing to lease the neighbouring residence and enjoy an additional income stream to help offset mortgage repayments. The two-unit configuration also provides investors with the benefit of spreading rental income across separate tenancies, rather than relying on a single household. - Two near-new, separate residential units offered together on one title - Unit 1 currently leased for $450 per week - Unit 2 currently leased for $370 per week - Combined rental income of $820 per week - Gross annual rental income of $42,640 - Modern, low-maintenance accommodation - Two established rental income streams - Opportunity to occupy one unit and lease the other, subject to existing tenancy arrangements - Appealing option for first-time investors, established property owners and owner-occupiers - Conveniently located in Inverell Whether you're looking for a smart addition to your investment portfolio, taking your first step into property ownership or exploring a home that can help pay for itself, 4 Terry Drive offers flexibility and possibilities worth considering. Contact the Hennessy Real Estate team today on 02 6703 2900 or 0408 111 678 to arrange your inspection and discover the possibilities that 4 Terry Drive has to offer.

Features

4 bedrooms

2 bathrooms

2 carspaces

825 m² lot size

Block of units

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