Set on a large section in a handy to town and Northtec location this five unit block has been a solid earner over the years with low vacancy rates and a great returns.
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The current rental of $965 per week (approx $50,000pa)from four one bedroom flats and the 3 bedroom upstairs unit will provide great serviceability for the investor with a potential gross return of 10% plus.
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Good off street parking is available for the tenants along with a coin laundry facility while the property also has extra storage which could offer further potential.
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Rates $6623.56 Water: Single meter (included in rents)