Investment Properties
NSW - Three Units on One Title
Located in an excellent area of a regional NSW centre with a population in excess of 35,000, these three 2 bedroom units, built in the early 1980’s, are in original but tidy condition.
While there is certainly scope for value adding, such as updates to kitchens and possibly an external render, as is, once strata titled, these units should sell individually for between $140-150k each.
All units are currently leased at probably around $10-15/wk under market rent, and the block itself has a next to zero vacancy rate.
Nice multiple income producer with capital potential!
 Buy & Hold
 Development
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| Purchase Price: | $345,000 |
|---|---|
| Gross Weekly Rental: | $430 |
| Management Fees : | 8.25% |
| Council Rates: | $1,800 |
| Gross Return: | 7.2% |
| Population: | 35,000+ |
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