This unique investment opportunity consists of a 5 bedroom house and 4 x 1 bedroom units, it’s located in the fast growing suburb of West Moonah or as some say the new New Town.
All tenants have leases in place with the rental income ranging between $140 and $350 per week, total rental income is currently $980 per week. I’m sure you will agree it’s an easy investment to manage as all your properties are located on the one allotment. 2 of the 1 bedroom units have been tastefully renovated and all units are in good condition. They have spacious living areas, functional kitchens, built-ins in the bedrooms, combined bathroom/laundry and each have a small storage area.
Sitting at the very top of the complex is a 5 bedroom house with a renovated bathroom, near new kitchen, great size living areas and access to a private roof top entertainment area with amazing views overlooking the suburbs all the way down to the river.
Potential to add even more value by developing further dwellings on vacant land adjacent to the main building.
A low maintenance investment. Gardens are easy to maintain
Some car parking is available onsite.
Major bus interchange and Moonah CBD are within a 5 minute walk
Council and water rates approx: $4,000 per annum.