91 Merivale Street, Tumut NSW 2720

If you are looking for an excellent positive cashflow residential property investment returning of over 10% gross yield then you need to look at this unique property.

Currently getting a return of $1450 per week in rental income per week (over $75,000 p.a with potential to increase with upgrades and rent increases to the units in the future.

The double brick residential unit block complex features 9 seperate units altogether - 2 x two bedroom units and 7 x one bedroom units. The unit block is located just minutes from the CBD which makes it a popular choice for tenants. It also features 6 carport spaces with extra open car parking.

The complex has multiple shared laundry facilities with recently installed coin operated washing machines for added income.

The units are spacious and comfortable with the second storey units given generous balcony space overlooking the town and beautiful views of the surrounding hills. All units feature their own bathrooms and large bedrooms with plenty of space for an open plan kitchen/dining/lounge area. Storage is plentiful with large built-in cupboards.

This is a rare opportunity for investors to purchase a positive cashflow property in today's low interest rate environment with the security of 9 residential tenants.