This is the perfect opportunity for a savvy investor: 3 units in a prime location with proven rental return history all on one title. Current rental return is $980 per week - however does have the potential to be increased to $990 per week **
With recent improvements, there is very little for the new owners to do. The triplex has had a new roof fitted within the last three years. And, each of the three units has also received updated kitchens and bathrooms, air-conditioning installation in the living rooms and internal painting throughout all within recent years.
The complex is relatively low maintenance, with very little yard work needed. The building is made of solid brick and is serviced by one convenient long driveway. Each unit has two large bedrooms and one bathroom. The flooring in each unit varies between tiles, lino and carpet. Some bedrooms have been fitted with box air conditioners, approved by the landlord.
The current tenants are all long-term, with one signed for 12 months, one signed for six months and the other tenancy expiring in January but expected to stay on for another long term. Each of the tenants enjoys the benefit of the complex's prime location with supermarkets and specialty stores over the road, sporting fields also within walking distance, and Souths Leagues Club and Harrup Park just down the road.
**As mentioned above the rental return is currently sitting at $910 per week - 2 of the 3 units are achieving $330 per week the 3rd unit will also be increased to $330 per week on the next lease signing - giving a total of $990 per week
Rates - $6900/yr approx
Water - $900/yr approx
