Sold
* Five Self-contained good sized flats
* Situated next to the 'market' Complex
* New stoves, refrigerators and washing machines.
* Rental Income $75,000 a year
* Local redevelopment to add value & prestige
Rarely, along comes a property that offers you the investment opportunity like this home. The original house has been converted into 5 self-contained flats offering a rental income of just under $75,000 a year.
All five flats have recently been painted and renovated with new wiring and plumbing. With four of the 5 flats having a new kitchen and are also air-conditioned.
Each flat is of a good size with 3 flats having their own white goods, including new stoves, refrigerators and washing machines.
Not too often does one property provide you with the benefit of such a high income stream.
And then, there's the location !!!
Situated next to the "Market" Shopping Complex, where you're only minutes away from all of the lifestyle advantages of inner city living and yet only seconds away from the peace and tranquility of this river suburb.
And with the expected redevelopment of the nearby Montague Road precinct, property such as this can only add value and prestige to your real estate portfolio, so don't be the last to call !!!
Flat 1 $240 per week, Flat 2 $280 per week, Flat 3 $275 per week, Flat 4 $240 per week and Flat 5 $400 per week.
Rates $779.22 per quarter.
Experience the SPACE difference...contact Angus Commins 0418 715 454 or 3846 4333
Please contact the agent for a copy of the Sustainability Declaration for this property.
Air Conditioning
Balcony
Built In Robes
Floorboards
Workshop