A rare opportunity to secure a multi residential investment property with a current return of $35,100 per year with long term tenants that are prepared to stay. Yield could be improved with some upgrades, a great investment with upside.
Block of flats returning $675 a week
Unit One, One bedroom with front porch, good storage
Unit Two, Two bedroom with separate living and dining
Unit Three, Bedsitter with shared wc
Unit Four, Freestanding One bedroom
843m2 block just 3.5 blocks from the heart of Mudgee CBD
Excellent occupancy rate, sound residential investment
One water meter (owner pays), Individually power metered
Communal laundry, shared carport and yard
Potential to add value, Yield could be improved with some upgrades