75 Douglas Street, Armidale NSW 2350

Situated on a manageable 674m2 approx. block in a central part of Armidale is this great opportunity to secure a dual income producing property. Consisting of a renovated 3 bedroom home, plus an as new 1 bedroom granny flat, both with their own separated yards. Some of the features of the property include:
# 3 Bed home.
- 3 generous sized bedrooms.
- Restored timber floors throughout.
- Updated kitchen and bathroom.
- Low maintenance yard.
- Freshly painted through.
- Current tenant paying $350 per week on a new lease.

# 1 Bed flat.
- Newly built solar passive 1 bedroom flat.
- Double glazed windows with a skillion roof.
- Modern combined kitchen/lounge room, which opens up to an ample sized deck.
- 1 bedroom with great storage.
- Modern bathroom with combined concealed laundry.
- Single lock up garage and separate carport.
- Easy to manage yard space which is fully fenced.
- Currently owner occupied.
- Total potential leasing capacity of $630 per week, to give a gross yield of over 7.2%.

This dual income potential property is rare in this Central location to the CBD. With an opportunity to live in one and lease the other....or as a sit and forget cash flow opportunity for a savvy investor, this property offers several different options.
For more information, please feel free to contact Michael Singleton on 0434714788.

*All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*