$1,395,000
6 Bed • 6 Bath • 0 Car • 2545m²
New
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![Second view of Homely blockOfUnits listing, 58 Riverine Street, Bairnsdale VIC 3875](https://www.homely.com.au/img-resize/l-AgentBox-9879117-2.jpg?width=750&height=500&fit=cover&quality=60&format=webp&version=oZ8FrUWFUl.12dTGrd8jZBuuoTck6To8)
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![Main view of Homely blockOfUnits listing, 58 Riverine Street, Bairnsdale VIC 3875](https://www.homely.com.au/img-resize/l-AgentBox-9879117-1.jpg?width=1472&height=982&fit=cover&quality=60&format=webp&version=mp6P.Ks4XPw.yf2LAzaYBshII0_8Anve)
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![Third view of Homely blockOfUnits listing, 58 Riverine Street, Bairnsdale VIC 3875](https://www.homely.com.au/img-resize/l-AgentBox-9879117-3.jpg?width=750&height=500&fit=cover&quality=60&format=webp&version=pxiPPx37lP2PvDI2CgHHxw6qBZarBcUF)
![Fourth view of Homely blockOfUnits listing, 58 Riverine Street, Bairnsdale VIC 3875](https://www.homely.com.au/img-resize/l-AgentBox-9879117-4.jpg?width=750&height=500&fit=cover&quality=60&format=webp&version=RCtG9C1y31XtfdNU0lzfLjEnDw8pOY4k)
![Fifth view of Homely blockOfUnits listing, 58 Riverine Street, Bairnsdale VIC 3875](https://www.homely.com.au/img-resize/l-AgentBox-9879117-5.jpg?width=750&height=500&fit=cover&quality=60&format=webp&version=zt790UoZ5A7rWwPKD7MaML2nT4qgklUh)
58 Riverine Street, Bairnsdale VIC 3875
$1,395,000
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What's around Riverine Street
Block of Units description
“SIX UNIT INVESTMENT OPPORTUNITY”
Situated in the Bairnsdale CBD, within easy walking distance to shops, cafes, and supermarkets, this block of 6 one bedroom units is an excellent investment opportunity. Each unit features an open plan kitchen/dining/living space which opens up on to their own private balconies that overlook the Mitchell River, walking track and mountains. All 6 units feature electric heating in the main living spaces and generously sized bedrooms with built-in robes and adjoining ensuite bathrooms. Positioned on an allotment of approximately 2,500 square meters and vehicle access available from the rear road, there is potential for the new vendor to improve the property by developing car spaces for the residents (STCA). Potential annual return of approximately $90,480 representing a 6.48% gross. All 6 units are currently rented, therefore inspections will be by appointment only. Please contact Elders Real Estate Bairnsdale/Paynesville on 03 5152 7588.
Property features
Balcony
Built-in Robes
Living Areas: 6
Other features
Close to Shops, HeatingLand details
Documents
What's around Riverine Street
Inspection times
![Fourth view of Homely blockOfUnits listing, 58 Riverine Street, Bairnsdale VIC 3875](https://www.homely.com.au/img-resize/l-AgentBox-9879117-4.jpg?width=750&height=500&fit=cover&quality=60&format=webp&version=RCtG9C1y31XtfdNU0lzfLjEnDw8pOY4k)
![Fifth view of Homely blockOfUnits listing, 58 Riverine Street, Bairnsdale VIC 3875](https://www.homely.com.au/img-resize/l-AgentBox-9879117-5.jpg?width=750&height=500&fit=cover&quality=60&format=webp&version=zt790UoZ5A7rWwPKD7MaML2nT4qgklUh)
![Sixth view of Homely blockOfUnits listing, 58 Riverine Street, Bairnsdale VIC 3875](https://www.homely.com.au/img-resize/l-AgentBox-9879117-6.jpg?width=750&height=500&fit=cover&quality=60&format=webp&version=bsbLh4MuBL6YdO0SJ3aiHzyuzKE8ny6m)
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Contact the real estate agent
![](http://img-4.homely.com.au/image/upload/f_auto,q_auto,c_fill,dpr_2.0/user-default.jpg)
Bret Ward
Elders Real Estate - Bairnsdale
Send an enquiry
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