Whether you're a seasoned investor, entering the market, or looking for potential, this property presents a standout opportunity.
Key Features:
3 units on one title
Returning $50,700 per annum!!
Presenting a 7%+ gross rental return
Fully tenanted with established rental history
Torrens title - no strata or body corporate fees
Dwelling:
Set on a generous 871sqm allotment, this solid brick complex comprises one 3-bedroom unit and two 2-bedroom units.
Unit 1: This 3-bedroom unit has been almost fully renovated, featuring brand-new flooring throughout, fresh paint, and new blinds. Currently leased at $385 per week.
Unit 2 & 3: Both 2-bedroom units are well presented and comfortably maintained, each returning $295 per week.
Location:
Ideally positioned in the heart of Narrandera, NSW, this property offers a central Riverina setting with convenient access to local amenities, schools, and transport links, while remaining well connected to major regional centres, supporting the continuous drive of strong rental demand.
Value-Add Potential:
A rare opportunity to secure a high-yielding asset with upside potential, including:
Further renovations to enhance capital value
Scope to improve rental returns over time
Ability to benefit from improving market conditions
Potential strata subdivision (STCA)
Supported by ongoing and planned local infrastructure upgrades
Flexibility to live in one dwelling while renting out the other two for dual income streams
This type of opportunity is rarely seen on the market. Multi-unit assets in this price bracket returning $50,700 per annum are increasingly scarce.
