We're calling out to all smart investors with these two tidy 2-bedroom flats.

The flats are configured 1 up and 1 down. The top unit has a long term tenant (5 years) paying $300 per week. The rental assessment of this unit is $300-320. The bottom unit is being rented at $310 per week and is also assessed at $300-320.

With annual income of $31,720 and a gross yield over 7.7% this is an attractive proposition.

Our owner wants to move on, so is offering an immediate equity gain with an asking price below an August 2013 valuation of $430,000.

The property operates just fine as it is and has traditionally rented quickly. There is plenty of off-street parking (no undercover garaging). The stairs will likely need some attention in the near future.

The property is a fee-simple, cross-lease with two storey building and is separated from the front cross-lease original house by a carport belonging to the front house.

Cambridge Estates, a significant development of high-end housing is just around the corner which should enhance general values in the area. The flats are sunny spacious and tidy with dishwashers and heat pumps and plenty of storage. Being only minutes from public transport and the Waterloo shops makes the flats even easier to tenant.

This one is not going to last long. Add it to your portfolio, or make this a smart start to your investment dreams. Contact us today.