Fantastic investment opportunity! Located only minutes from shops, railway station, bus and schools, these units have no lack of rental demand and usually have no vacancy. Well maintained block of four consisting of 3 x 2 bedroom units, 2 with garages, returning $230.00, $220.00 & $195.00 per week. 1 x 1 bedroom unit returning $180 per week. Gross annual return $42,900.00.
* Fantastic investment opportunity!
* No lack of rental demand
* Well maintained block of four
* 3 x 2 bedroom units
* 1 x 1 bedroom unit
* 2 x garages
* Gross annual return $42,900.00
Age – 44 years approx
Land Size – 564m2
Dimensions 15m / 15m x 37.9m / 37.6m
Council Rates – $4,654.10pa
Water Rates – $2,504.80pa + usage
Current Rent – Unit 1 – $180pw, Unit 2 – $220pw, Unit 3 – $230pw, Unit 4 – $195pw = $825pw
Rent per annum = $42,900
Internal Living Area – 270m2
Stamp Duty on $720,000 is $27,170