If your looking to invest in some real estate with good cash flow, then this could be your lucky day. Located in Redfern St (close to Bunning’s, Carpet Court and the local Take-Away) these flats have been managed by L.J. Hooker for many years. The owner has had excellent returns but reluctantly wants to sell.
There are four 2 b/rs flats. The front 2 are brick veneer and the rear 2 are double brick. (they were built at a later date)

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 several of them having been freshly painted and the outside was only painted recently.

The occupancy rate over the years has been very good. Three of the flats are currently tenanted.

Gross potential rent is $540 pw ($28,080 pa) Rates are approx $2,500 pa

You do the numbers BUT 8.5% return sounds pretty good (plus your capital growth)