Located in Coolabah Crescent (North Cowra), these flats have been 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 reluctantly decided to sell.

There are three 2 b/r flats and one 3 b/r. Each flat has an open kitchen / living area, a tiled bathroom, separate laundry and a carport. There are BIWs in each of the bedrooms. The three bedroom unit also has an ensuite and double garage.

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. $10 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. $2,816.60 pa and a water access charge of $280 pa.

You do the numbers BUT an approx. 8.4% 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!