This property comprises a charming 3 bedroom timber home with an additional 5 well maintained rental units on a 2,023 m block, a perfect opportunity for investors.
The timber home has polished timber floors and high ceilings throughout, 3 generous bedrooms, 2 bathrooms, sleep out and a large living area with enclosed fireplace and ducted evaporative air-conditioning throughout the home. The kitchen is modern and spacious, with plenty of sunlight.
At the rear of the house there is an undercover entertaining area, which leads onto a private and well established lawn and garden area.
There is a tandem carport, and plenty of room for on-street parking.
The property has the added benefit of 5 attached rental units, 3 of which are 2 bedrooms, and 2 of which are 1 bedroom. These units are self contained with well maintained kitchen and bathrooms. All units benefit from off street parking. These units provide a combined rental return of over $33,000 per annum. The units have benefited from consistent high tenancy rates which are attributed to the general condition and location of the units.
A major attraction for this property is its central location, being less than one kilometre from the Moree CBD, 2 primary schools and close to parks and local sports ovals.
This property would be ideal for a first home buyer who wants to maximise their returns, or an investor who wants to capitalise on the solid rental income.

3 x 2 bedroom units returning $135.00 per week each

2 x 1 bedroom units returning $120.00 per week each

House $300.00 per week.

TOTAL INCOME = $945.00 per week/ $49,140.00 annually

RATES = $1,125.00 per quarter

WATER = approximately $500.00 per quarter