This great opportunity for first time investor looking to keep capital expenditure down but find opportunity for capital improvement.  This large block of 1811sqm with 2 structures, one with 2 x bedroom units and the other with 3 x 2 bedroom units is currently grossing 6.2%.  Each unit has 2 bedrooms, timber floor base, small patio/landing, rear courtyard and under cover carport and slabs.  The complex is conveniently close to shopping centre, schools and medical centres and often has long term tenants very coomfortable in the product. – Unit 5 has new kitchen and its rent will be a bonus on current returns