Positioned in a quiet, no-through street in the popular suburb of Mowbray, this substantial property presents an exceptional opportunity for investors seeking a versatile property with strong income potential.
Offering an impressive seven bedrooms, two bathrooms and multiple parking options, the property provides an abundance of space and flexibility. The home sits on approximately 741m² of land and has been configured to accommodate multiple occupants, making it particularly appealing to investors looking for an established income-producing property.
The property features a shared kitchen and dining area, multiple toilets, generous off-street parking, a single garage and carport. A range of improvements have also been made, including updated plumbing, an upgraded switchboard, new roof and gutters, reverse-cycle heating and a heat-pump hot-water system.
Adding further appeal is the 12.035kW solar system installed in November 2022, representing an investment of more than $12,000, along with a newly built 18m² shed at the rear of the property, completed in 2023.
The property is currently generating $1,100 per week in rental income, providing a strong existing income stream for investors.
Located in Mowbray, the property is conveniently positioned close to local shops, services, schools, public transport and Launceston's CBD.
With its generous accommodation, versatile layout, established rental income and extensive improvements, 12 Pershing Street offers an opportunity not to be missed.
Key Features:
Seven bedrooms
Two bathrooms
Multiple toilets
Approx. 741–744m² land
Current rental income of $1,100 per week
12.035kW solar system installed in November 2022
Solar system investment of over $12,000
New 18m² shed built in 2023
Multiple off-street parking spaces
Garage and carport
Shared kitchen and dining area
Reverse-cycle heating
Updated plumbing and electrical infrastructure
New roof and gutters
Heat-pump hot-water system
Quiet no-through street
Strong investment potential
Convenient Mowbray location
Inspection is highly recommended to appreciate the space, versatility and potential this property has to offer.
