24 Sherwood Avenue, Chelsea VIC 3196

Positioned on 983m2 (approx) of land is this well maintained 5 unit complex. Walking distance to Chelsea shops, Chelsea station and the pristine Chelsea beach, this offering is one that is perfect for your property portfolio. All of the homes are currently tenanted returning a yearly income of nearly $70,000 per year

Individually these units would sell for approximately $450,000 each. This complex could be strata titled (STCA). Do the work and reap the rewards!

Unit 1 - 2 bedrooms, updated with a carport and private courtyard. Tenant on a lease until June 2019 paying $1238 per calendar month

Unit 2 - 2 bedrooms, updated with carport and immaculate rear garden. Leased until September 2018 ($1,060 pcm) with a wonderful long term tenant of 7 years wanting to stay.

Unit 3 - 2 bedrooms, updated with carport, good size rear yard. The tenant is on a month to month lease paying $1217 per calendar month

Unit 4 - Lovely 2 bedroom unit - original but well maintained by the long term tenant. Tenant is on a month to month lease paying $900 per calendar month, she has been in the home for 17 years! Beautiful rear garden and immaculate presentation inside

Unit 5 - 2 bedroom unit, updated with carport and enclosed rear garden. Tenant on a month to month basis paying $1195 per calendar month has been here for 5 years

This is a rare opportunity to buy in a high growth bay side suburb. Call today to secure your copy of the Section 32 and register your interest.