26 Mathews Street

Cobar NSW 2835

1024 m²

Duplex Semi-Detached

Currently for sale - view listing

Overview

Dual Income Investment at a 9% Return with Excellent Potential!

Dual Income Investment at a 9% Return with Excellent Potential! Investors, here's an opportunity worth adding to your portfolio! Positioned on a generous 1,024sqm block (approx.), 26 Mathews Street offers two separate three-bedroom cladded duplex units, providing an attractive dual-income investment in a convenient location. Both units feature three bedrooms with carpet and vertical blinds, combined bathroom and laundry facilities, with shower and bath, and separate toilets. Unit A is equipped with a wall-unit air conditioning, while Unit B features split-system air conditioning for year-round comfort. Adding further appeal, Unit B includes an approximately 6m x 6m Colourbond single lock-up garage, providing secure vehicle accommodation and valuable storage space. The large, separately divided blocks provide each unit with their own space and privacy, making this an appealing proposition for investors seeking reliable rental income and future potential. Investment Highlights: • Two separate 3-bedroom cladded duplex units • Set on a generous 1,024sqm approx. block • Large, separated yards • Carpet & vertical blinds to bedrooms • Combined bathroom & laundry • Shower & bath • Separate toilets • Air conditioning to both units • Approx. 6m x 6m Colourbond lock-up garage to Unit B • Separately water metered • 26A currently leased at $205 per week • 26B currently leased at $275 per week, tenancy locked in until April 2027 • Combined rental income of $480 per week for a $24,960 gross annual rental income for an impressive 9% return! • Rates: $4,496.40 per annum approx. for the 2026/27 financial year • Lot 12, DP554679 With two income streams from one property, this is an opportunity to secure a substantial investment with an attractive current return and the potential to add value over time.