$2,200,000 - $2,420,000
16 Bed • 8 Bath • 8 Car • 854m²
New
1-8/10 Albert Avenue, Springvale VIC 3171
$2,200,000 - $2,420,000
Home loan calculator
The monthly estimated repayment is calculated based on:
Listed display price: the price that the agent(s) want displayed on their listed property. If a range, the lowest value will be ultised
Suburb median listed price: the middle value of listed prices for all listings currently for sale in that same suburb
National median listed price: the middle value of listed prices for all listings currently for sale nationally
Note: The median price is just a guide and may not reflect the value of this property.
What's around Albert Avenue
Block of Units description
“BRILLIANT INVESTMENT - GREAT RETURN IN A FABULOUS LOCATION”
Investors – this is a property that will definitely appeal! This entire complex comprises 8 apartments all currently leased and returning $136,760 p.a.
Current rents vary from $300pw to $350pw. With potential rental estimates in the current market conditions between $350-$370pw, this would provide an annual potential return of $145,600 - $153,920. This translates to a significant return on investment!
The apartment complex is solidly constructed and comprises 8 two-bedroom dwellings. With spacious layouts comprising separate kitchen meals area with modernized cabinetry, a comfortable formal lounge and two generous bedrooms both with built in robes.
Constructed with solid brick, this complex is as solid as a rock and very robust as a rental property with very little maintenance requirements.
Located on a great rectangular allotment of 854m2 approx., it is situated in a premiere position in Springvale, nestled in a quiet street behind the famous Springvale market, and within short walking distance to all central facilities and the station.
In this location tenants are always readily assured, providing very low vacancy and maintaining a steady and reliable income stream.
Hunting for a great rental earner or a suitable place to invest your superannuation for the future. This definitely has the ingredients that tick all the boxes.
Be sure to contact us for further information.
Photo I.D. required at all inspections.
DISCLAIMER:
The measurements provided of the land and / or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property / land / or of each room, we advise you to conduct your own measurements and / or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.
Property features
Toilets: 8
Land details
Documents
What's around Albert Avenue
Inspection times
Contact the real estate agent
Tim Stickley
Barry Plant - Noble Park
Send an enquiry
Nearby schools in and around Springvale, VIC
Top reviews by locals of Springvale, VIC 3171
Discover what it's like to live in Springvale before you inspect or move.
Discussions in Springvale, VIC
Wondering what the latest hot topics are in Springvale, Victoria?
Similar Block of Units for sale in Springvale, VIC 3171
Properties for sale in nearby suburbs
- 16
- 8
- 8
- 854m²