201 Maitland Street, Narrabri NSW 2390

An exceptional opportunity to acquire a profitable multi-unit residential complex on the northern fringe of the Narrabri CBD — just one block from Woolworths and two blocks from the main shopping district.

This well-maintained property offers a strong rental history, solid late-1980s construction by a respected local builder, and long-term tenancies — all within easy walking distance to key town amenities.

Property Highlights:

- Seven (7) x 1-bedroom units
- Bedrooms with built-in wardrobes & ceiling fans
- Open-plan lounge and dining areas
- Functional kitchens with upright oven/stove, sink & cabinetry
- Combined bathroom/laundry with shower, toilet, vanity & washtub
- Wall-mounted air-conditioning units
- Electric hot water systems
- Double carport providing ample off-street parking
- Two (2) clotheslines & gravel driveway with drive-through access
- Durable construction: HardiePlank cladding, timber floors & Colorbond roof

Tenancy & Income:

- Current total rent: $1,305 per week | $67,860 per annum
- Proposed rent (after reviews): $1,540 per week | $80,080 per annum
- Gross returns: approx. 7.5% (current) and 8.8% (proposed)
- Long-term tenants in place, including one of 26 years, reflecting outstanding tenancy stability

With immediate income and clear potential for rental growth, this complex represents a standout, low-maintenance investment in one of Narrabri's most convenient and tightly held locations.

Don't miss this high-yield investment — call Hennessy Real Estate on (02) 6792 5566 to book your inspection now.