136 Three Chain Rd

Port Pirie South SA 5540

0 m²

1536 m²

House

Currently for sale - view listing

Overview

Multi-Income Investment - Four Income Streams. High Rental Income From Day One.

A fully tenanted, well-maintained multi-dwelling investment with development upside that interstate investors rarely find at this price point. Total Rental Income of $870 per week. 136 Three Chain Road is a fully tenanted, multi-dwelling income property comprising four self-contained residences on a single 1,536m² allotment in Port Pirie South. Currently generating $45,280 in gross annual rental income across four separate tenancies with zero rental arrears, all bonds held in trust, and a tenancy history that has never been negatively geared. This is a proven income asset, not a speculative one. The Asset The property comprises two structures on a single title: Main House — A Federation-era stone home with cement render finish. 3 bedrooms with built-in wardrobe, one bathroom, separate laundry, and a study area. Equipped with oven, cooktop, and split-system air conditioning. The character of the period has been modernised — lowered ceilings, but still higher than normal, and wooden floors have been carpeted. Three Self-Contained Units (Units 1–3) — Brick construction, each featuring a combined living/dining/kitchen area and a separate laundry/bathroom and electric hot water. Each unit is fully self-contained and independently tenanted. Concrete flooring has been carpeted. Outbuildings & Parking — A large shed and covered carport, plus additional open parking with more than four car spaces. Ample space to ambitiously construct another building if desired. Zoning — Suburban Neighbourhood, Port Pirie Regional Council. Tenancy Every tenancy is occupied. Most tenants are long-term residents, well known to the property and up to date on rent. No arrears. This property has maintained 100% occupancy throughout its ownership — a rare and bankable track record in any market. Port Pirie South has delivered strong and consistent growth. Critically, there are a negligible number of comparable multi-dwelling investment listings currently active in Port Pirie South at this point. This property enters the market with no direct competition. Property Summary Configuration: Main house (3 bed + 1 bath + Lounge + study) 3 x units (1 bed + 1 bath + Lounge, each) Total: 6 bedrooms | 4 bathrooms | 6 car spaces (4 open + 2 carport) Land: 1,536m² Single Title Zoning: Suburban Neighbourhood Annual gross income: $45,280 (3 weekly leases + 1 monthly lease) Gross yield: 6.38%–6.76% across asking range Tenancy: 100% occupied Never negatively geared throughout ownership Strata conversion: 4 titles possible (subject to feasibility) No easements | No access issues A comprehensive Buyer's Report is available on request. Call Kurt daSilva on 0430 601 612 for details. kurtdasilva@futurerealtysa.com.au RLA 333927

Features

6 bedrooms

4 bathrooms

6 carspaces

2 carport spaces

4 open car spaces

0 m² floor area

1536 m² lot size

House

Property history for 136 Three Chain Rd

2022

Rented

Undisclosed

Leased on 26 Jul 2022 by CENTURY 21 Pirie Properties

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