Investment on CBD Fringe Returning $65520 PA

This is as stable an investment as you will find! 5 units within ‘strolling distance’ of the CBD, 14 Taylor St represents an opportunity not to be missed. Tenant friendly, conveniently located and well maintained, these units are always popular when they come available – which is not often.
The complex comprises 2 x one bedroom units and 3 x 2 bedroom units. Progressively updated over time, units 1 - 4 are all in very good condition with only unit 5 requiring some works once the current tenant moves on. All wet areas are updated and well maintained and new hot water systems have been installed over the last few years. All but one unit is air-conditioned. There is also very good scope to increase the return over the coming months.

In short:
• 5 unit complex on CBD fringe
• 2 x 1 bedroom units and 3 x 2 bedroom units – fully tenanted
• Very neat & tidy complex which is very well maintained throughout
• Stroll to CBD
• Units 1-4 have air conditioning
• All units have security screens and security doors
• All new hot water systems in last few years – completed under a maintenance program
• Popular with tenants and rarely come vacant
• Scope for greater returns over the coming months
• Currently returning $65 520 pa gross – potential to increase to in excess of $73 000 in today’s market
• 2 lots on 1 title
• 809m2 corner block
• Attractive setting with tidy gardens.

An absolute ‘gem’ of an investment that would complement any portfolio, or is it maybe the passive income you have been looking for??? Only an inspection will truly reveal the potential and the value. For full details please contact Lachlan Evans on 0418185220 or the office on 46392222.

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