28 Argoon Street, Cowra NSW 2794

Here sits a brilliant opportunity for all astute investors, with this heritage home that was once converted into 4 separate units, all tenanted and representing a strong rental yield for a minimal outlay. Some renovation works may increase the rental potential also.

* The four flats all offer their own living / dining areas, each with gas kitchens, each with bathrooms and one bedroom per unit 'apart from #2 which is one open studio like area'.

*Each flat are separately metered for electricity and have their own electric hot water systems. Their is one water meter for the complex.

*There are 3 car port parking spots plus some lock up shed area for each of the tenants and a good sized rear 'communal lawn area for all tenants. All with rear lane access.

* This location is very sought after, within a quiet, family friendly locale, just an easy stroll to the main street and a variety of parks, swimming pool, playing fields and nearby school.

*Total rental yield for all 4 flats: $485pw ($25,220pa) attracting a strong 10.088% PA gross return. All flats are currently tenanted. One tenant has occupied his unit for the past 5yrs.

The flats are in reasonable condition and with renovations, may attract a higher rental yield and improve salability for the future for you.

Land size: 1,016sqm

These flats are not strata, nor are likely to have the ability to be converted to strata title.

Inspect: Contact Josh Keefe 0418 411 666 or [email protected]

Please Note - This is a tenanted property and may require a minimum of 48 hours notice for an inspection.