1,2,3,4/38 Raye Street, Tolland NSW 2650

A fantastic four-tier investment option with loads of upside. Consisting of three two-bedroom properties & a one bedroom property with solid returns and historically low vacancy.

All Units - 1,2,3,4, include:

• Kitchen with electric oven & cooktop with generous bench & cupboard space

• built-in robes to bedrooms

• reverse cycle air-conditioner

• Main bathroom with shower, toilet, and vanity

• Open plan living

• Onsite parking

• shared laundries

Unit 1 - Original condition with some updates

Unit 2 - Original condition

Unit 3 - Original condition, long term tenant of 10+ years

Unit 4 - Renovated kitchen, fresh paintwork and flooring

Rental Returns:

Unit 1 - $160 per week

Unit 2 - $155 per week

Unit 3 - $165 per week

Unit 4 - $175 per week (1 Bedroom)

Yearly income of $34,060

Rates - $4760p.a

Water - $881 for last twelve months (the landlord pays for all water)

Land - 777.80 sqm

Currently on one title, NO strata.

Moments to Tolland shops, bus route and local schooling.

Income and expenses can be provided upon request.