Positioned in Mornington area, this exceptional investment opportunity offers an approximate 11.2% gross return, making it a standout addition to any portfolio. Set on a generous 1,012m² block, this well-maintained complex delivers both immediate income and long-term potential.
The property features three units, each recently renovated, along with practical additions including three single covered carports, extra off-street parking, private individual courtyards, and a spacious communal yard complete with established fruit trees. Conveniently located within walking distance to the CBA and local amenities, the location further enhances its investment appeal.
Unit 1 is the largest of the three, offering a spacious open-plan living area with split system air conditioning, brand-new flooring, and a modern kitchen equipped with electric cooking and ample storage. It comprises three generously sized, carpeted bedrooms, all with split systems and built-in wardrobes to the main. The oversized family bathroom includes a shower, bathtub, and separate toilet, complemented by an external laundry.
Units 2 and 3 are mirrored in layout, each featuring a comfortable lounge area with split system air conditioning and a well-appointed modern kitchen with electric cooking and excellent bench and cupboard space. Unit 2 offers two newly carpeted bedrooms, both with built-in wardrobes and split systems. Unit 3 includes two tiled bedrooms with built-in wardrobes, with a split system to the main. Both units are serviced by a neat bathroom with shower and combined toilet, along with external laundries.
With multiple income streams, recent upgrades, and a highly convenient location, this property presents a strong opportunity for investors seeking solid returns in a reliable market.
To arrange a viewing, contact the team at City & Country Realty:
Kieran Tully – 0416 177 001
Rachael Wilson – 0467 076 756
Property Code: 5887
