This property offers a fantastic return for the astute investor. Both units are tenanted with the upstairs tenant paying $220 per week and the downstairs paying $210.

The upstairs unit has 3 bedrooms, all rooms have ceiling fans and the lounge has air conditioning. The balcony gives a lovely view of the beautiful jacarandas and is large enough for a small table and chairs where tenants can sit and have a relaxing drink in the afternoon in the cooling breeze. The kitchen is enormous with plenty of room for a dining setting. This unit also has new carpet in one of the bedrooms and the lounge room, and new paint in the lounge room. It also features a brand new vanity in the bathroom.

The downstairs unit is a two bedroom and has a brand new kitchen with quality appliances. The main bedroom is very large and has new carpet. Both bedrooms have built-ins and there is a sliding door from the lounge room leading out to a very nice deck, which has steps down to the back yard. The beautiful timber floors throughout are a feature of this unit and it has a lovely picture window in the lounge room, looking out on the greenery next door. The house next door on this side is set well back from the road, giving the tenants in this property some valuable privacy.

The yard is quite large and nicely landscaped. The under the house carport has room for at least 2 cars, and could possibly even fit a third. There is a bench already set up to be suitable as a workshop. The laundry is under the units as well and is communal with very good halogen lighting and with all the fittings and space for the tenants to have separate washing machines. The electricity meters are separate for each unit. The CBD is in walking distance too.

This property is brilliant for investors and with interest rates coming down this property could easily be positively geared.

Contact Karen Gorton of Elders Real Estate Grafton on 0437 867 243 or 6643 2455.