1-4/23-25 KAIN STREET, Mount Gambier SA 5290

This 4 unit complex is perfect for the savvy investor looking to expand their property portfolio. Comprising three 2-bedroom units and one large 3-bedroom unit, this complex is conveniently located only moments from Collins Court Shopping Centre, Mulga Street Primary School and The Western Tavern.

The units themselves are in great condition and have been very well-maintained. First built in 1976, this complex has solid construction and has been built to stand the test of time. On the interior, these units have maintained their authentic retro charm with wooden fixtures and gorgeous tiling that gives the place a warm, cozy vibe.

Currently bringing in $650 a week (or $33,800 p.a), this complex boasts fantastic long-term tenants and a steady return on your investment right away. This suburb of Mount Gambier is performing very well at the moment, with a strong 'community' feel and close proximity to shops, schools and parklands bringing in plenty of interest.

All of the bedrooms feature generous built-in wardrobes, carpeting and excellent natural light. The two-bedroom units all have single-car garages and separate lounge and kitchen areas, while the three-bedroom unit features a sheltered carport and a large open-plan lounge, kitchen and dining area.

The bathrooms are well laid out and practical, with a bathtub, a vanity and a good-sized shower. The toilet is located separately for convenience, with an extra-large laundry area separating these facilities from the kitchen. A backdoor located in this area leads to a small & private backyard space for each unit.

This is a rare opportunity to secure an entire unit complex in a vibrant and convenient location. To enquire further about this property, get in touch with Malcolm Lewis at Elders Real Estate Mount Gambier today. Inspections strictly by private appointment.

Council Rates: $1,091.31 per annum per unit
Strata costs: $1,226.08 per annum