9 Yulin Ave, Cooma NSW 2630

9 Yulin Ave offers a rare opportunity in a growing market, to secure a high returning unit complex consisting of a mixture of Studio - 2 and 3 bedroom ground level units.

Well managed and maintained, this brick-veneer complex consists of 23 units and 1x3 bedroom house. of the 24 units, 15 are currently rented & a further 2 are currently available. The other 7 have not been rented for some time and are in need of some minor repairs to have them able to be rented.

The numbers based on 17 units rented are:
Monthly return = $13,238.00
Annual return = $158,856.00

Known Costs are:
Rates approx = $8,655 p/a
Water approx = $2,000 P/a
Management Fees = $8,737 p/a
Insurance approx = $6,360 p/a

Net yearly return approx = $133,104

Estimated net return on investment = 8.6%

The above figures will be significantly boosted with the availability over time of the remaining 7 units.

This complex is a very rare opportunity to get in on a solid performing residential investment, in a regional township expecting significant growth opportunities over the next 5 years due to the imminent Snowy Hydro 2.0 expansion.