Positioned on a substantial 1239sqm allotment, this fully leased complex presents a superb opportunity to secure a high preforming property with exceptional returns. The property delivers an immediate combined rental income of approximately $106,080 per annum, giving an approximate gross return of 12.5%.
Comprising of eight, semi-furnished studio style units that have recently been refreshed with new kitchens and bathroom upgrades, internal and external paint and a BBQ and pergola area.
Set on the corner Elizabeth Crescent and Nullamut Street, this convenient location places the Cobar Hospital, nearby schools, Golf Club and town amenities only minutes away.
Features include but not limited to:
- Eight semi furnished units, that include beds, table/chairs, tv, fridge, heating/cooling and mini benchtop oven/stove
- New kitchen installation
- Freshly painted internal/external
- Outdoor enhancements
- Outdoor pergola area with BBQ
- Shared laundry
- Off street parking
- Low vacancy rates due to strong tenant demand
- Gross profit return of 12.5% - approx.
- Rates $6,960.58pa - approx.
63 Elizabeth Crescent presents an attractive return for investors chasing a dependable income that continues to see strong demand from tenants seeking affordable housing options.
Disclaimer: information in this brochure is not independently verified. The vendor and agents disclaim liability, and accuracy is not guaranteed. Prospective purchaser should exercise their judgement.
