A rare opportunity to secure a fully tenanted residential investment, this well-presented block of four units offers immediate and reliable income from day one.
* 4 x 2-bedroom units
* Spacious living areas throughout
* Neat, functional kitchens
* Bathroom and laundry in each unit
* Single carport per unit
* All units leased to long-term tenants
Current Rental Returns:
Unit 1 - $250/week
Unit 2 - $215/week
Unit 3 - $250/week
Unit 4 - $265/week
Combined: $980/week | $50,960/year
* Land size: Approx. 1,016 smq (source: RPdata)
* Zoning: GRZ (General Residential Zone)
* HRCC Rates: $5,118.80
* Video/Walkthrough : unavailable
The vendor has chosen to keep rents at a reduced rate in appreciation of the tenants' longevity. Rental appraisals are recommended to assess the property's full income potential.
Investors please note that Minimum Rental Standards apply in Victoria. We recommend seeking professional, independent advice before purchasing
Important links for buyers:
https://www.consumer.vic.gov.au/housing/renting/repairs-alterations-safety-and-pets/minimum-standards/minimum-standards-for-rental-properties
https://www.consumer.vic.gov.au/housing/buying-and-selling-property/buying-property/inspect-properties-before-you-buy
https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence
