$785,000

8 Bed  •  5 Bath  •  5 Car  •  753m²

Main view of Homely house listing, 51 Riesling Street, Corowa NSW 2646
Floorplan of Homely house listing, 51 Riesling Street, Corowa NSW 2646
Second view of Homely house listing, 51 Riesling Street, Corowa NSW 2646
+31

Sold

51 Riesling Street, Corowa NSW 2646

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$785,000

  • 8
  • 5
  • 5
  • 753m²

House Sold on Thu 9 May, 2024

What's around Riesling Street

House description

“Unique Opportunity In An Unrivalled Location”

Discover a lucrative investment opportunity in this block of units is perfectly located a minute's walk to Corowa's shopping and dining precinct. Investors will be hard-pressed to find a more central location in Corowa.

This well-maintained property offers five units, each with unique features, making it an ideal addition to your investment portfolio.

Key Features:
Unit 1: Single carport, 3 bedrooms (2 with BIRs or 2 bedrooms, 2 living areas), Split system heating and cooling, 900mm freestanding cooker, 600mm range hood, carpet in lounge and beds, tile to laundry and bath, Vinyl in kitchen. This unit has undergone renovations and presents well.

Unit 2: 2 bedrooms, reverse cycle airconditoning, Carpet to beds and lounge, Vinyl in kitchen, bath, and laundry, 600mm freestanding cooker.

Unit 3: 1 bedroom with BIR, open plan living, Split system heating and cooling, carpet to bedroom and lounge, Vinyl to kitchen, tiles to bath and Laundry. 600mm freestanding oven.

Unit 4: 1 bedroom with BIR, open plan living and kitchen, split system heating and cooling, carpet to lounge and bedroom, tiles in bathroom and laundry, Vinyl to kitchen, 600mm freestanding oven.

Unit 5 - "The Stable" (AirBNB - $90/night): 1 bedroom, open plan, kitchen/kitchenette, spacious bathroom and laundry in 1, Kelvinator heating and cooling electric, 600 freestanding cooker, canopy range hood, Carpet to lounge and bedroom, tiles in laundry/bath, Vinyl in kitchen. 'The Stable was once a traditional horse stable. The exterior of the building still holds its original charm, with the façade clearly that of a stable, but the interior is something else altogether. This beautiful double-brick building is a fully renovated, smartly furnished 1 bedroom apartment, ideal for a couples' retreat.'


Investment Highlights:
-Diverse unit configurations catering to various tenant requirements.
-Refurbished units offering comfort and style.
-Great returning Airbnb income with "The Stable."
-Proximity to Corowa's main Sanger Street with all its services and amenities ensuring long term rental demand.
-Individual heating and cooling systems for tenant comfort.
-Rental potential of $62,000p/a

A plan of redefinition has taken place strategically to get all units individually titled, allowing the successful purchaser to sell off individual units into the future.
Take advantage of this excellent investment opportunity.

Land details

Area: 753m²

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51 Riesling Street, Corowa NSW 2646
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