A prime opportunity for the astute investor to purchase four low set units. All units are occupied, offering immediate returns of a total of $1,265 per week or $65,780 per annum, making for a set and forget investment.
Each unit comprises an open plan lounge, dining and kitchen area, bathroom, front porch area and single lock up garage. Unit 1 and unit 4 have been renovated.
With a strong proven rental history this makes a very sound investment for those looking to start or expand their portfolio.
Ideally located within walking distance to Ballina Fair, primary and secondary schools, CBD, cafes, restaurants, river, playing fields and other local amenities, the properties are sure to interest future tenants.
Loved and looked after by the one owner since 1990
Brick and tile, single level unit block
Central location, positioned on 961m2
Great long term tenants in place, immediate returns
Offering an approximate 5.98% gross return
Fantastic possibility for update to add value and increase rental return
Unit 1 â One bedroom, $295 per week
Unit 2 â One bedroom, $260 per week
Unit 3 â Two bedroom, $310 per week
Unit 4 â Three bedroom, $400 per week