The opportunity for improvements in and around this fully tenanted complex of eight at 135-137 Wirraway Drive are endless.
This is a great investment option where you could hit the ground running with the combined rental income of $860 per week with excellent potential for further improvements and increase of rental yield.
Features at a glance:
* 7 single bedroom flats, and 1 large two bedroom townhouse
* All electric kitchens
* Split system air conditioners to four flats and reverse cycle wall mounted air conditioners to a further three.
* Fabulous location, opposite South Primary School in this well regarded residential area, barely a minute drive from the CBD and Deniliquin High School
* Outstanding potential to increase yield with gradual property improvements
* Council Rates $7,912.26 (2016/2017 financial year)
* Covered parking for 6 cars
* In ground swimming pool recently filled in and covered with artificial grass, proving a popular improvement to the shared central courtyard
* Shared laundry with front-loader washing machine
* Complex is dated, but flats are in fair condition and have excellent colourbond boundary fencing
* Outstanding opportunity to improve with gradual renovation and re-sell