Secure a quality addition to your investment portfolio with this well-maintained block of three residential units, all fully leased and generating a combined rental income of $49,660 per annum ($955 per week). Positioned on a single allotment of approximately 564m² and offered on one title with no easements referenced, this is a straightforward investment opportunity with an established rental return.
The property comprises three self-contained two-bedroom, one-bathroom units, currently leased at $325, $330 and $300 per week respectively.
Units 1 and 2 are of brick veneer construction and share mirrored floor plans, each featuring a practical open-plan kitchen and living area, two generous bedrooms with built-in wardrobes, and a bathroom incorporating a shower, vanity, toilet and laundry facilities. Unit 1's bathroom has been updated, including floor-to-ceiling tiling, a glass shower and vanity. Both units offer year-round comfort with split system air conditioning to the living area and a ceiling fan to the main bedroom, while roller shutters fitted to the main windows provide added privacy and security.
Positioned separately from the adjoining units, Unit 3 features a spacious living area, an updated kitchen, two generous bedrooms, and a bathroom comprising a walk-in shower, vanity and toilet. The bathroom has been updated with wall tiling and a shower screen, while updated vinyl flooring extends from the kitchen through to the large dedicated laundry/storage room. A box air conditioner in the living area and a ceiling fan to the main bedroom provide comfort throughout the warmer months.
Each unit benefits from its own designated undercover carport, with three carports positioned at the front of the property. Conveniently located within walking distance of the CBD and local schools, the property continues to offer strong appeal to tenants and investors alike.
Outgoings:
- Council Rates (2025/2026): $1,813.65 per annum
- SA Water: Quarterly SA Water accounts (January, April, July and October) include water usage, water supply and sewerage charges. The owner is responsible for the initial payment of all charges, with the tenants invoiced for contribution to the water usage component (currently $280 combined per quarter)
Emergency Services Levy (ESL): Approximately $100 per annum
(Disclaimer: Photographs of Unit 3 were taken prior to a tenant taking occupancy)
