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.
