63-65 Elphin Road, Launceston TAS 7250

An exciting and rare opportunity to secure a multiple residency investment property, introducing 63-65 Elphin Road, Launceston. Positioned on the prestigious Elphin Road, just minutes from Launceston's CBD, this charming property has been divided into five self-contained units. The property offers duel access off Dowling Street and Elphin Road to a 12 vehicle car park and rear access to the units. Currently receiving a gross income of approximately $1,155 per week, over 7% return, this property is a secure investment. Updated kitchen's and bathrooms, spacious bedrooms and ideal location makes for an appealing rental, with long-term leases in place.

Year built: 1920
Building Size: 270m2
Land Size: 845m2
Rent Received:
63A - $255 per week
63B - $225 per week
65A - $240 per week
65B - $215 per week
65C - $240 per week
Council Rates: approx. $6,000 per annum
Water Rates: approx. $3,600 per annum
*All measurements are approximate