Home and Income Sold
$600,000 Below Cv!
Property ID MKU26278A supercharged investment opportunity in a fantastic location. Our motivated owner has held on to the property for decades, now its your chance to take over and secure your future!
On offer is seven self-contained one-bedroom units plus a three bedroom 110sqm house with a single garage. Each unit sits on their own cross-lease title with an eighth share in a grand 1808sqm fully fenced and gated section with seven car-carport and off street parking.
Each of the seven units offer a double bedroom with wardrobing, open plan living and kitchen with ranchslider access to their own small porch and section of common grass. Laundry, bathroom and car port.
The three bedroom house boasts open plan living and dining, a sunny front patio area, family bathroom, and its own fenced-off lawn. It also has its own gated accessway and single garage, plus off street parking.
Opportunities such as this are certainly hard to find - particularly ones in fantastic condition such as these. The buildings and grounds are exceptionally well maintained and presented.
Income from all eight tenancies totals a whopping $149,000 per year. That's a substantial rental yield bound to keep the bank manager happy. With tenants willing to stay on, its a no brainer.
Great location, close to shops, cafes, a short stroll from the Train Station, and convenient to the Southern Motorway.
Future potential here is inspiring, zoned Terraced Housing and Apartment buildings under the Unitary Plan. The perfect addition to your property portfolio, this block of units is seriously for sale! Contact Tom Rawson or Steven Liang for a viewing.
Further information on the property, including internal and external photos of each individual unit is available upon request.