With a gross yield rental return of nearly 6%, there is really no need to say anything else about this investment opportunity, except it is a no brainer !!
However...,
The house sits on a 1100sqm block, within walking distance of the shops and schools of Casino and has been divided into a three bedroom unit and a two bedroom unit, providing excellent rental returns.
Unit 1 has three bedrooms, and has a functional kitchen with electric stove/oven along with a neat and tidy bathroom, with separate toilet. The unit has its own laundry and has a yard size of approximately 600sqm. The unit has a rental return of $280 per week with almost a 100% occupancy rate.
Unit 2 is a two bedroom unit, with a 156sqm attached yard. This unit also has a weatherboard LUG and is fully fenced and separate from unit 1. This unit is rented for $130 per week with a long term tenant in place.
Additionally because it is such a large block there is also the opportunity to add further rental properties onto the allotment. (STCA)
Additionally if you want to live in the house yourself, you could have a large 4/5 bedroom home on a large block close to town !!
Features
20776213
Property ID
5
Bedrooms
2
Bathrooms
1
Garage
2
Carports
1141 sqm approx.
Land Size
Air Conditioning
Courtyard
Fully Fenced
Electric
Hot Water Service
Split System
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