142 Lake Avenue, Cringila NSW 2502

This block of units is a brilliant opportunity for you to begin, or add to your investment portfolio. A variety of layouts increases the appeal and marketability of the units, which are currently configured as three properties, with a recent combined rental return of $1020 per week. Note: All units could do with significant renovation and all round TLC, and further exterior updates would increase their appeal and potential rental return.
Be aware that the property is offered in "as is" condition.
Unit 1 - occupied - 4 bedroom, 1 bathroom, single car garage - currently leased at $420 per week.
Unit 2 - vacant - 2 bedroom, 1 bathroom, single car space - recently leased at $280 per week.
Unit 3 -vacant - 3 bedroom, 2 bathroom, single car space - recently leased at $320 per week.

The property is in a great location, 8 minute drive to Wollongong CBD, and minutes to Warrawong plaza shopping centre, Port Kembla beach, and local schools and transport.