5 Rasheed Street

Whyalla Stuart SA 5608

735 m²

Duplex Semi-Detached

Currently for sale - view listing

Overview

Same tenant for 12 years !

An affordable entry into the investment market, with the added benefit of an established tenant already in place. Having called this property home for the past 12 years, the current tenant is secured on a lease until June 2027, returning $200 per week and providing an immediate income stream from settlement. While there is certainly scope for improvements over time, the opportunity here is to secure an income-producing property with an established rental history, allowing the next owner to take a longer-term approach to its future potential. Entry into carpeted lounge room with wall air-conditioner Original kitchen and meals area Three good sized bedrooms Bathroom with shower over bath Concreted laundry and seperate toilet Rear verandah semi-enclosed to create a second living area Lawn area between shed and verandah HUGE concreted and powered shed with double sliding door access for vehicles Double gates provide access to backyard and shed via side street A real standout is the generous 735m² allotment, unusually large for a semi-detached property. Its corner position provides additional access and excellent potential for off-street parking, a practical advantage for tenants with multiple vehicles. Rasheed Street also offers convenient access to Whyalla's major shopping precinct, supermarkets, schools, medical facilities, sporting grounds and public transport, with the foreshore and marina within easy reach. Allotment size: 735m2 Council rates: $2,056.98 per annum Currently leased at $200 per week until June 2027 RLA110