$795,000

10 Bed  •  5 Bath  •  4 Car  •  1012m²

Main view of Homely block of units listing, 1-5/142 Barwan Street, Narrabri NSW 2390
Second view of Homely block of units listing, 1-5/142 Barwan Street, Narrabri NSW 2390
Third view of Homely block of units listing, 1-5/142 Barwan Street, Narrabri NSW 2390
+19

Sold

1-5/142 Barwan Street, Narrabri NSW 2390

Copy address

$795,000

  • 10
  • 5
  • 4
  • 1012m²

Block of Units Sold on Fri 8 Sep, 2023

What's around Barwan Street

Block of Units description

“BLOCK OF UNITS WITH 8.5% TO 9% YIELD - NO HASSLES!”

This is your chance to set up your future with this great investment situated in the busy agricultural and mining town of Narrabri. These 5 tidy units are fully rented out by Summit Community Services (*see note below) and they guarantee rent and repair of damage by their clients for the duration of their lease. This eliminates the need to have the property managed by an agent and you can just sit back and watch your money grow!

The 5 x 2 bedroom units provide the following:
• Weatherboard construction, freshly painted in 2019, with new roofing and plumbing.
• The living area is open-plan with floorboards or carpet throughout.
• They also have a split system for year-round comfort.
• There is a basic kitchen which has an electric oven/stove, a sink and storage.
• The older-style bathroom has a shower over the bath, sink & private toilet.
• The units have a communal outdoor laundry. Unit 5 has its own laundry and garden.
• There are 4 x parking bays with rear lane and highway access.

Additional Information:
• Current rent is $68,315 p.a. with annual CPI increases. This rent will increase to $72,800 as of 1/7/2023. This will show a yield of 8.56% to 9.1%.
• Council rates $4,524 p.a.
• Water rates approximately $250 per quarter.
• Yard maintenance - $70 per month.

We have a motivated seller, so phone Kim today for an inspection of this fabulous opportunity to obtain a great little money-spinner!!

*Summit Community Services was established in 1983 to provide low-cost housing. It now manages 60 properties.

Property features

toilets

Toilets: 5

Land details

Area: 1012m²
Frontage: 20.1m²
Fourth view of Homely block of units listing, 1-5/142 Barwan Street, Narrabri NSW 2390View more
Fifth view of Homely block of units listing, 1-5/142 Barwan Street, Narrabri NSW 2390View more

Contact the real estate agent

This property has been sold
But you can still contact the agent
1-5/142 Barwan Street, Narrabri NSW 2390
By submitting your enquiry, you agree to our Privacy Policy.

Nearby schools in and around Narrabri, NSW

Top reviews by locals of Narrabri, NSW 2390

Discover what it's like to live in Narrabri before you inspect or move.

Discussions in Narrabri, NSW

Wondering what the latest hot topics are in Narrabri, New South Wales?

Similar Block of Units for sale in Narrabri, NSW 2390

Properties for sale in nearby suburbs

Report Listing