This extremely affordable block of four units (all on the one title) would be perfect to subdivide and re sell to add extra value. Excellent location, less than 2km to La Trobe University, 7 minute drive to the CBD and close to public transport.
Unit 1 -$170 p.w. Tenancy (6 years) Unit 2 -was $170 p.w (currently vacant) Unit 3 – $170 p.w Tenancy (3 years) Unit 4-$175p.w Tenancy (4 years).
All units have 2 bedrooms with BIR’S, lounge with gas heating, kitchen with electric upright oven, bathroom (shower over bath), separate toilet and laundry. Single carport.
Ideal to make improvements and increase the return or just enjoy the current income.