23 Eighth Ave, West Moonah, TAS, 7009 - House Sold on 27 03 2024

SoldMar 27, 2024

23 Eighth Ave, West Moonah, TAS, 7009

$860,000

290 m²

696 m²

House

•

30+ days on the market

Sold: Mar 27, 2024

What's around 23 Eighth Ave

Impressive Investment Opportunity

This investment opportunity is certainly one to consider for your portfolio. Sitting high on the hill of Eighth Avenue this property boasts spectacular river and mountain views. Its original 1960's features including wide hallways, stone fire surrounds, and etched glass doors remain classic. Rooms are expansive with large windows taking advantage of its northerly aspect. Plenty of storage space is available in the garage and under the house, and easy parking is provided with 5 open car spaces at the front of the property. The rear yard is currently fenced into sections but there is plenty of scope to expand the property or add a "granny" style flat (STCA). Offering a great rental return, this property is divided into three units that remain all on one title. Consisting of one 3-bedroom unit and two 1-bedroom units, the combined rental income is currently $1,180 per week, increasing to $1,190 from mid February 2024. Current rental amounts and lease end dates: Unit 1 - $480 per week with lease ending 06/10/2024 Unit 2 - $340 per week with current lease ending 12/2/2024. Please note this lease has been renewed for a further 6 months. Unit 3 - $360 per week with lease ending 15/2/2024. Please note a new 12 month lease will commence at the expiration of the current lease for $370 per week. Outgoings are available upon request. West Moonah's demographic, and its housing stock, has always been varied and it remains a popular suburb to live and invest in. Its proximity to schools, transport options and the local shopping districts of Moonah and Glenorchy will ensure its popularity remains. Inspection by appointment only.

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Seller's review

about 2 years ago

Verified Review

Trustworthy, reliable, knowledgeable. Annisa goes the extra mile to achieve the best outcome.

Annisa knows the market well and we really got a sense of security knowing that her advice was grounded in years of experience in the real estate industry. We had a unique property in a tricky market and she proved that she had our best interest at heart and wasn’t just out for a quick sale. She really was on our side when it came to achieving the best outcome possible. Annisa went above and beyond when it came to prospective buyers enquiries and requests and always kept us informed and guided us with well placed advice. You know you can trust Annisa and I can’t recommend her highly enough.

Kerry El Sayed

Seller