Located in Redfern St, these flats have been managed by L.J. Hooker for many years.
If you’re looking to invest in some real estate with good cash flow, then this could be your lucky day. The owner has had excellent returns but reluctantly wants to sell.

There are four 2 b/rs flats. Each flat has an open kitchen / living area, a tiled bathroom, separate laundry and a carport. There are BIWs in each of the bedrooms.

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. 3 are on market rent and 1 is approx $20 below market.
Cowra’s vacancy rate is low. (approx 2.5%)

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

Gross rent is $470 pw ($24,440 pa) Rates are approx $2,800 pa

You do the numbers BUT 9.8% return sounds pretty good (plus your capital growth)