Enquiry code for this property: 9906

4 x 2 bed plus 1 x 1 bed units in a convenient location located only minutes walk from town is this unique investment package for your consideration. Priced for a quick sale, the units comprise of 2 bedrooms with open plan living and kitchen meals areas. With solid construction and recently renovated, the property offers a return of $41,600 per annum, (almost 9%). With interest rates so low, a true cash flow positive property is possible from day one.

The best thing about this property – everything has been done! Rewired, (new circuit board and safety switches), plumbing replaced with PVC, new kitchens, bathrooms, laundries, wardrobes, new split system heating / cooling, new roof and gutters, internal and external painting, individually fenced rear yards, water system, new fences to north and west boundaries.

With very reasonable outgoings (rates less than $6500, water around $5000) this property is an attractive investment.

Rental vacancy rate in Numurkah sits around 2%, however current tenancy is stable.
Numurkah median rent for 2 bed unit = $180.

Comparable sale 195 Melville St 3 dated units sold Jan 2015 for $328K ($510/week) with 8.1% return.

Enquiry code for this property: 9906