Rarely does a block of 4 units with this rental return come onto the market. This property returns $785-00 per week or $40,820 per annum, showing a 7.7% return on investment outlay. The current owners are reluctantly selling these units, which have provided a great investment return for years. The 4 units are all one bedroom units that have had a modern combined laundry/bathroom and split systems installed in each unit for comfort. Other features include large lounge room, good floor coverings, modern open plan kitchens with electric cooking, electric hot water services, built in robes and draws in the bedroom, plus a small outdoor yard and carport for each unit.
Unit 4, has only just been completely refurbished with new kitchen, bathroom, paint & floorcoverings.
These units have constantly demonstrated an excellent occupancy rate, with long-term tenants. All properties are currently tenanted.
Land area: 904m2. There is rear street access to Mary Street at the back of the property. There is also potential to build a 5th unit/flat/transportable home fronting Mary St for additional income. There is so much potential with this property to increase the rental return.
1/67 Edith Street $180 per week. Lease Expires 6 December 2021
2/67 Edith Street $180 per week. Lease Expires 26 September 2022
3/67 Edith Street $190 per week. Lease Expires 7 January 2022
4/67 Edith Street $225 per week. Lease Expires 14 June 2023
Give me a call if you would like further information. Nola 0418 504 855
- Air Conditioning
- Split-System Air Conditioning
- Split-System Heating
