Great Opportunity for the Savvy Investor
An outstanding investment opportunity, this solidly built property has delivered strong and consistent returns for many years. Offering excellent income security and future potential, it is ideal for investors seeking a proven performer in a high-demand rental market.
The property comprises four independent units, which is 3 - 1 Bedroom Units and 1 - 2 Bedroom Unit. Each unit enjoys its own street-facing front yard to Darling Avenue, as well as a private rear yard, providing tenants with space and privacy rarely found in multi-unit developments. The units are all very comfortable homes with modern kitchens , air cooler units and in good condition.
All units feature:
Open-plan kitchen and living areas
Internal, separate laundries
Outdoor clotheslines
Individual single carports
Estimated to be built around the 1970s, the units are of besser block construction with concrete tile roofing and are presented in very good condition.
The complex is set on a generous 793 m² block with low-maintenance grounds.
Currently leased to long-term tenants, the property has enjoyed 100% occupancy for many years, highlighting its reliability and desirability. With strong rental demand in the current market, this represents a secure and future-proof investment.
There is also further potential to enhance returns by converting the three 1 bedroom units into 2 bedroom units (Subject to Council Approval), these improvements would offer a further upside for the astute buyer.
Please note: All units are currently tenanted, buyer inspections will require at appropriate notice given so contact us today for further information and to register your interest.
Gross rental returns for the units at the moment total $835.00 per week
Outgoings now estimates
Yearly Council Rates = $4,295.00
Water Last quarter = $600.00
Yard Maintenance = $130 per visit .
Great opportunity to secure a neat investment. Call now for more information, Scott Penning - Mobile 0415 - 576 646 or the office on 6342 3344
James P Keady Pty Limited A Family Company since 1912
DISCLAIMER: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy; however we cannot guarantee it. Interested parties should rely on their own legal advice and the accuracy of the contract.
