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Block of Units description
“4 aboveground units on the one title - 'potential return' of circa 13% gross return”
Ideally located just off the main street and within a few minutes' drive to main town centre and school are four two bedroom aboveground units on the one freehold title. These units have the potential to earn in the vicinity of $520.00pw (this estimate is based on $130pw per unit.
Each of the units have a mirror image floor plan comprising of two bedrooms, open living, kitchen and dining area plus combined bathroom and laundry. The units are currently in various states of renovation with one unit being fully renewed and currently tenanted earning $130.00pw on a fixed lease due to expire 11/06/2020.
Two units have the potential to earn $120.00pw in their current condition, the third unit is fully upgraded earning $130.00pw currently and the fourth unit is in the process of being renovated.
There are four small individual sheds at the rear for tenant's storage and open parking out the front of each unit. The communal yard is fully fenced and situated on an approx. 1019sqm freehold title.
Viewings by appointments only, please call locally based Agent, Misty for further details on 08 8672 5222
Unit 1-4 comprises the following:
* 2 Bedrooms
* Open plan living, kitchen and dining area
(electric stove/oven plus wall unit air conditioning)
* Combined bathroom and laundry with shower, basin, trough & toilet