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8/3 Rankine Street

Riverside TAS 7250

1
1
1
45 m²
77 m²
Unit
Currently for sale - view listing

Overview

A Neat & Tidy Investment with Long Term Tenancy

If you're looking for a straightforward investment with excellent tenants already in place, this neat and tidy unit deserves your attention. Built in 1977 and positioned on an upper level within a well established unit complex, this property offers a simple and practical floorplan with an allocated single carport. Located in the ever popular suburb of Riverside, the apartment is exceptionally easy to maintain, making it an appealing option for investors seeking a property that doesn't demand a long list of immediate improvements. A Pre-Sale Building Inspection Report has already been completed for buyer convenience with no structural issues noted. Currently leased until 16 October 2027 at $330 per week, the property provides the significant benefit of a secure tenancy and reliable rental income already in place. Whether you're looking to add a low maintenance property to your existing portfolio or are taking your first step into property investment, this is an opportunity worth considering. Contact Rae to arrange a private inspection. Annual West Tamar Council rates - $1,252.61 Annual TasWater rates $634.28 + usage Annual Coast to Coast Body Corporate Fees $1,435.68 Flanagan Residential provides this information from third parties as a convenience to you and recommends prospective purchasers carry out their own enquiries and seek legal advice with respect to the property information provided. Property Code: 653

Features

1 bedroom
1 bathroom
1 carspace
1 carport space
45 m² floor area
77 m² lot size
Unit

Property history for 8/3 Rankine Street

2024
Rented
Undisclosed
Leased on 15 Oct 2024 by @home Property Management

Happy sellers in Riverside

87%
87% of sellers in Riverside reported that their sale price either exceeded or met their price expectations.

Riverside stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 48 reviews in Riverside over the last 12 months.

Local market activity for 1 bedroom units in Riverside

In the last 12 months, 2 one-bedroom units similar to 8/3 Rankine Street, have been sold.

This represents a 34% increase in one-bedroom units sales when compared to the previous 12 months.

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