1-3/64 Church Street, Morwell, VIC, 3840 - BlockOfUnits Sold on 29 08 2022

SoldAug 29, 2022

1-3/64 Church Street, Morwell, VIC, 3840

$600,000

0 m²

452 m²

BlockOfUnits

•

30+ days on the market

Sold: Aug 29, 2022

What's around 1-3/64 Church Street

CASHFLOW POSITIVE INVESTMENT OPPORTUNITY

Situated in the heart of Morwell on the fringe of the CBD, this block of units represents a standout investment opportunity for the astute investor. With three refurbished units under one roof offering a combined annual net income of approx. $41,250, this property offers exceptional yield with long term tenancies in place. An excellent choice for those seeking a high yield, high performing investment with minimal management. Rental income U1 $200 per week with 5% increase due July U2 $225 per week with 5% increase due July U3 $300 per week (utilities paid by landlord) Municipal rates cost totaling approx. $3000 per annum. Landlord pays gas usage on all units, hot water service only - approx. $500 per unit per annum. Electricity separately metered for units 1, 2 and 3. Including general maintenance total costs are approx. $11,000 per annum. NET INCOME: Approx. $41,250 per annum.

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Buyer's review

over 3 years ago

Verified Review

Helpful and pleasant

Helpful and pleasant Easy to work with.

Buyer

Seller's review

over 3 years ago

Verified Review

Matt is an expert in his field.

Matt is an expert in his field. We met Matt purchasing a property from him a few years ago. He was fantastic to deal with as a purchaser keeping the vendors interest in mind with fair negotiation and outcome both vendor and buyer were happy with. It was in no doubt when we came to sell we knew we would be using matt. And we did and what a fantastic result he got for us. What wasn’t an easy sale due to the multiple tenancy’s on title matt absolutely nailed it. Thanks Matt.

Seller