Investment Properties
VIC-Cheap unit with Great Rent
Ideal investment property currently tenanted at $140 p/w which is a return of approx 9% .2 Bedroom updated unit, modern kitchen & bathroom, bright lounge, large balcony, carport, set in a central location close to the main street & has the Train Station at your door. Start or add to your portfolio today.
This block of units has 12 units in the complex.
The building has not had a great reputation in the past, particularly as t is located opposite Centrelink and has drawn a reputation from location alone. This has meant that the building has not had the most desirable tenants, however all units have had a very good rent history.
More recently the body corp has started to spend money, including giving the building an external paint job and updating some landscaping.
This unit in particular is one of the best and always popular as it has a large balcony and is updated inside.
 Buy & Hold
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| Purchase Price: | $79,500 |
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| Gross Weekly Rental: | $140pw |
| Council Rates: | $1,000pa |
| Body Corporate Fees: | $700pa |
| Management Fees : | 8.8% |
| Gross Return: | 9.1% |
| Population: | 7,200 |
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