Located in Pitt Street (Central North Cowra), these flats have been a great investment for the current owners and managed by L.J. Hooker for many years.

If you’re looking to invest in real estate with good cash flow, then this could be your lucky day. The owner has had excellent returns but have decided to sell and use the proceeds for their next investment venture.

There are four 2 b/r flats and each flat has its own open kitchen / living area, a tiled bathroom, separate laundry and a carport. There are BIWs in each of the bedrooms and a single carport attached to each.

They have been well maintained with some potential for updating to add value to your investment.

The occupancy rate over the years has been very good. All of the flats are currently tenanted. Two are on market rent and two are approx. $5 below market.
Cowra’s vacancy rate is low. (approx. 2.5%)

Property title is not strata tile and I do not feel they are suitable to be strata-ed.

Gross rent is $570 pw ($29,640 pa).
Rates for the property are approx. $ pa and a water access charge of $282 pa.

You do the numbers BUT an approx. 8% gross return is pretty good for a residential investment. (plus your capital growth)

A property of this quality, in this location, showing this return WILL NOT LAST LONG! CALL TODAY!