63-65 Elphin Road, Launceston TAS 7250

Introducing 63-65 Elphin Road, an exciting and rare opportunity to secure a multiple-residency investment. 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 a 10-vehicle car park and currently receives a gross income of $1,305 per week, proving an excellent return. This property is a secure investment. Updated kitchens and bathrooms, spacious bedrooms and an 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 - $300 per week
63B - $245 per week
65A - $265 per week
65B - $240 per week
65C - $255 per week
Yearly - $67,860
Council Rates: approx. $6,000 per annum
Water Rates: approx. $3,600 per annum