This fantastic investment opportunity is currently returning over 9% gross as is, and with a tidy up would fetch even more.
Comprising 3x two bedroom units, two units have had their bathrooms modernised and the rear unit has a modern style kitchen. All have fenced yards, patios & internal laundries.
Tenants are in place and the combined rent is $650 per week. Outgoings are council rates at $6,220 P.A and Insurance $2,675 P.A, giving you a net figure of $24,905 P.A.
No body corporate and only a short walk to public transport, schools and shops. You will need to be a bit handy and know your way around a paintbrush, but don’t delay as this property will be sold.