40 Redfern Street, Cowra NSW 2794

If you're looking to invest in real estate with good cash flow, then this could be your lucky day. The owner has had excellent returns but decided to sell.

There are four 2 bedrooms flats. The front two are brick veneer and the rear two are double brick. (As they were built at a later date) Each flat has an open kitchen / living area, a tiled bathroom, separate laundry and a carport. There are BIWs in each of the bedrooms.

They have been well maintained with some potential for updating to add value to your investment.

The occupancy rate over the years has been very good. All of the flats are currently tenanted. 3 are on market rent and 1 is approx. $10 below market.

Cowra has a low vacancy rate. (Approx. 2.5%)

Property title is not strata tile and I do not feel they are suitable to be strata-ed.

Gross rent is $630 pw ($32,760 pa).

Rates for the property are approx. $3,248.08 pa and a water access charge of $192 pa.

You do the numbers BUT an approx. 7.2% gross return is pretty good for a residential investment. (Plus your capital growth)

This property will NOT LAST LONG so call Adam Gambrill today on 0437 007 303 for more information.