Here's your chance to secure a solid investment close to the CBD. Sitting on two freehold titles with a combined land area of 805sqm (more or less), this property offers four flats currently returning a total of $1,400 per week.
• 1 x one-bedroom
• 2 x two-bedroom, one with garage and one with a car port
• 1 x three-bedroom
All units are tenanted, providing immediate income. While the flats would benefit from modernising and a tidy-up, the great location ensures ongoing demand. With some upgrades, there's strong potential to increase both rental returns and long-term value. The combined land value is $625,000 (zoned high density) and the combined CV's are $990,000. The combined council and regional rates are $10,846.67.
This is a popular area, close to the city centre, making it a smart choice for investors looking for a project with upside. Call today for more information or to arrange a viewing on the preferred days of Tuesdays or Sundays.
