1-3/5 Ivanhoe Street, Wendouree VIC 3355

Quiet complex of 3 one bedroom units are on offer with great potential close to parks, train station and Stockland Wendouree. All units provide a open plan kitchen living area with ample cupboard and bench space with gas stove, the gas heaters have all been decommissions and Unit 1 & 2 have been replaced with split systems heating and cooling and Unit 3 has a gas Rianni Heater. All three units have generous sized bedrooms with built in robes. The laundry and bathrooms are combined and are in excellent condition. Rent returns are $220pw for units 1 & 3 and unit 2 is paying $185pw with a rent increase written into the lease to start at $200pw on the 8th June 21. To the front of the complex are three single carports with storage shed and a great size allotment allowing you to enclose the yards for each unit providing them with their own courtyard – potential is endless. With over a 5.5% rental yield and tenants in place you can not go wrong