5 Units – Amazing Investment – $670 PW Rent – 12% Yield
Grab these while you can!! A solid set of 5 bedsit units, set on a very sizeable piece of land 934sqm set right in the heart of Kempsey – opposite to a Catholic High School, bus stop right outside and 1km to the centre of Kempsey.
Each is in good working order with no work required. No shortage of tenants as rental demand is at an all time high in Kempsey. Sit back and enjoy the income and with the rental market going strong there’s even more potential to get a higher return.
Value Add – You could also think about adding value by splitting the units into separate titles making an affordable price point for locals to buy into property, updating or even adding some carports.
Either way its a great investment opportunity not to be missed – and with a great management agent to do the hard work.
Hurry before these are snapped up!
Yield – 11%
Returning $700 per/week rent ($140pw each)
Income – $33,800 pa
Water – $200pa
Council Rates – $5,050pa
Zoning 2A Residential
Landsize 934sqm
All units in good working order. Directly on a bus route, close to hospital, bowling club and shops. Don’t miss this great investment opportunity.