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35 Ottrey Street

Pyramid Hill VIC 3575

4
4
4
166 m²
993 m²
Block of units
Currently for sale - view listing

Overview

Exceptional Four-Unit Investment Opportunity

Positioned in the heart of Pyramid Hill, 35 Ottrey Street presents a unique investment opportunity with four separate one-bedroom, one-bathroom units on a generous 993sqm allotment. Offering flexibility and multiple income streams, this property is ideally suited to investors looking to secure an established income-producing asset. The property comprises four bedrooms, four bathrooms, and four-car accommodation, with each unit configured as a self-contained one-bedroom, one-bathroom residence. This separation provides privacy for occupants while offering the benefit of multiple tenancies from a single property. Currently returning a combined $610 per week, the property provides an immediate and established rental income stream, with each unit contributing individually to the overall return. Unit 1 is currently leased at $165 per week, Unit 2 at $125 per week, Unit 3 at $160 per week, and Unit 4 at $165 per week. This diversified rental structure provides investors with the advantage of multiple income streams within a single holding. Set on a substantial 993sqm block, there is plenty of space surrounding the units, while the four-car accommodation provides additional convenience for tenants. The property's configuration and established rental income make it an appealing option for investors seeking diversification within a single holding. With four separate residences, multiple income streams, and a strong existing tenancy position, 35 Ottrey Street, Pyramid Hill offers a rare opportunity to secure a versatile investment property with immediate rental return and long-term potential.

Features

4 bedrooms
4 bathrooms
4 carspaces
4 open car spaces
166 m² floor area
993 m² lot size
Block of units

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Local market activity for 4 bedroom block of units in Pyramid Hill

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