90 Ravenswood Road, Ravenswood TAS 7250

Ready for a challenge?
Where else can you renovate and get an income at the same time. Brick and tile with aluminium windows is the perfect combination to keep maintenance and renovation costs down while upgrading the units and upsizing the weekly rent.
One unit is currently vacant and ready for the plumber and painter, and while the rents keep coming in you decide which unit will be next.
With an amazingly sound rental history the current annual rent, 5 units, is $30,900 in their current fairly original condition. We feel this is a perfect project property for say young tradies looking to value add in their own time and ultimately utilise the cash flow for other property.
Fully leased right now the gross income pa would be $36,600.
The current owners have also invested in preliminary Strata Title survey options another possible value add proposition to this investment property.
Sound interesting?