Comprising four x 2 bedroom units in one rectangular building.
Units 2 & 3 have been renovated in the past two years.
Unit 4 was renovated one month ago.
Unit 1 is in good order and would benefit from a modern reno.
Each unit has 2 bedrooms (one bedroom with a built in robe), kitchen area, bathroom with a laundry outlet and a spacious living room.
3 units have a front verandah.
Unit no 4 is bigger than the others.
Each unit has electric heating, cooking and hot water. There is an individual water tap to each unit.
The exterior consists of an iron roof and pine cladding on the walls. It has been painted in April 2019.
Title - Freehold land. The block has the advantage of street and rear lane access.
Parking - Available at the front or at the rear.
Rentals - The four units are leased. $835 per week x 52 = $43,420
Location - Near the hospital. A short walk to the C.B.D
Price - $485,000
Comment - there is still some "upside" to be had in this investment. Ask for details about this. The Snowy 2.0 project is having an effect on Cooma investments and it would appear that the rents are going "north". It is expected that a lot of accommodation is going to be required during the project.
Agent - Don Menchin 0413 028 795
