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Back 1-3/64 Church Street
Off Market

1-3/64 Church Street

Morwell VIC 3840

4
4
3
0 m²
452 m²
Block of units
Last sold for $600,000
Matt JohnsonMatt Johnson, last sold this property on 28 August 2022 after 138 days on market.

Overview

CASHFLOW POSITIVE INVESTMENT OPPORTUNITY

Situated in the heart of Morwell on the fringe of the CBD, this block of units represents a standout investment opportunity for the astute investor. With three refurbished units under one roof offering a combined annual net income of approx. $41,250, this property offers exceptional yield with long term tenancies in place. An excellent choice for those seeking a high yield, high performing investment with minimal management. Rental income U1 $200 per week with 5% increase due July U2 $225 per week with 5% increase due July U3 $300 per week (utilities paid by landlord) Municipal rates cost totaling approx. $3000 per annum. Landlord pays gas usage on all units, hot water service only - approx. $500 per unit per annum. Electricity separately metered for units 1, 2 and 3. Including general maintenance total costs are approx. $11,000 per annum. NET INCOME: Approx. $41,250 per annum.

Features

4 bedrooms
4 bathrooms
3 carspaces
3 carport spaces
0 m² floor area
452 m² lot size
Block of units

Estimated Value

We need at least 3 similar 4 bedroom block of units sold in Morwell over the last 12 months.

Property history for 1-3/64 Church Street

2022
Sold
$600,000
Private Sale/Treaty on 28 Aug 2022 by Matt Johnson, of Wilson Property RCI - Traralgon

Happy sellers in Morwell

86%
86% of sellers in Morwell reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 125 reviews in Morwell over the last 12 months.

Local market activity for 4 bedroom block of units in Morwell

In the last 12 months, 1 four-bedroom block of units similar to 1-3/64 Church Street, have been sold.

This represents a 75% increase in four-bedroom block of units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Morwell

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Jesse Watson

Jesse Watson is an award winning recommended agent for Morwell.  They have 32 local sales and collected 25 local reviews across the last 12 months.

  •   5   (53 reviews)
  •  25 Reviews in Morwell
  •  32 Sales in Morwell
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Jim Demetrios

Jim Demetrios is a recommended agent for Morwell.  They have 81 local sales and collected 21 local reviews across the last 12 months.

  •   5   (305 reviews)
  •  21 Reviews in Morwell
  •  81 Sales in Morwell
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Rachel Buglisi

Sellers who recommend Rachel Buglisi have praised them for being clear communication, local expert, responsive, friendly, supportive, reliable and empathetic

  •   4.9   (421 reviews)
  •  21 Reviews in Morwell
  •  24 Sales in Morwell
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Nathan Klep

Nathan Klep is an award winning recommended agent for Morwell.  They have 41 local sales and collected 22 local reviews across the last 12 months.

  •   4.9   (342 reviews)
  •  22 Reviews in Morwell
  •  41 Sales in Morwell
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