Property No. 8342

Looking for a cash flow positive investment property that will give you passive income? This unit block featuring 5 x 1 bedroom units rents out for $600 per week when fully occupied – giving you a fantastic return of over 16.5% yield.

Situated on a 1012m2 block just a short stroll away from the main street, these units are popular with locals as well as people coming into town for farm work and other jobs.

Each unit features a modernized kitchenette and bathroom, air conditioning, and easy care timber flooring. A couple of the units also come with washing machines and fridges.

In 2014, all of the exterior walls for the entire unit-block were renovated and updated by the current owners to include beautiful vinyl cladding, giving the units much more curbside appeal for tenants, and adding more value to all of the units.

The unit block is all on one title, so you could be the proud owner of a positively geared property of 5 units, helping you to dramatically increase your investment portfolio with just this purchase. Ideal for property investors who are looking for passive income cash flow. The units can be managed and rented out for you with the help of a local property manager, which means you could be earning cash flow while you sleep, even if you live out-of-town or out-of-state.

The block of units is located in Wee Waa – 30 mins drive from Narrabri, good town with strong local industry, multiple local schools, childcare centres,
cafes, sporting amenities, great shopping facilities and National Australia Bank.

Currently tenanted, so please do not disturb tenants.

This property is being sold only so the owners can move onto a new project – so act fast before this stunning investment opportunity is snapped up by another savvy investor!

For further information on this property please contact the agent via phone or email.