House Area: 220 m²
Land Area: 1007 m²
Estate: Fee Simple Lot: 24 DP: 29386 CT: WN490/407 Area(more or less): 1007 Square Metre
•2 X 3 Bedroom flats
•Drive on access
•Tenants of over 7 years
•Some updating will improve
Always popular with investors because of the great cash flow and now we are finding an ideal property for first home buyers who are living in one flat and collecting the rent from the other flat to help subsidise the mortgage payments.
Two three bedroom flats both on one title. Both tenants have been here for over 7 years and rents are well below market at $200 per week for each flat. Some updating is needed, so come spruce them up and bring the rents up to current market (similar flats in good condition rent in the $300 to $340 range each per week.
Rateable Value is $355,000 and owners keen to sell.