172 Canambe Street, Armidale NSW 2350

Excellent tenants, and scope to further capitally improve mean this weatherboard duplex at 172 Canambe St is a rare find in this market for a solid investment or development.
This duplex is located on the eastern edge of Armidale only a short walk from schools, the Jockey Club, the Showground and a popular convenience store. The property comprises 2 x 1 bedroom apartments. Each apartment has separate front and back yards. Unit 1 has been recently painted and updated with a new kitchen and new floor coverings. A good yield as a gross return on investment of 5.1% at $365,000.

FEATURES:

* Separate living and kitchen and living area
* Unit 1 gas heating and cooktop
* Unit 2 has been recently painted, carpeted and updated with new electric kitchen and heating
* Shared laundry

* Separate front and back yards
* Close to schools, Jockey Club, Showground and corner store
* Unit 1 returns $175 PW
* Unit 2 returns $190 PW

* Across the road from Bunnings
* Approx 100m from Newling Public Primary School
* Approx 500m from The Armidale School