Dual income character property (1920's) consisting of two, 2 bedroom units on a small easy care section. The exterior is Stucco and the roof in iron with plastic spouting. There is a combination of wooden & aluminium joinery. Each unit has its own carport and private fenced outdoor area. They are fully insulated in the ceiling and under the floor.
The character style of the home means it has high ceilings which gives an amazing spacious feeling to the interior. There is an open plan kitchen/dining area that has a gas heater to warm this area. The carpets are tidy and an olive green colour. The walls are painted in a neutral cream colour. The kitchen area has wooden cabinetry with a stainless steel bench top and a good amount of storage space. The lounge is accessed off the hallway and is a good size with another gas heating system. The carpet near the hearth does need re-stretching (Approx cost $80).
Each unit has two double bedrooms, each of these bedrooms has its own wardrobe. The hallway also has storage cupboards. The bathroom has an acrylic shower with original vanity. There is a separate toilet area.
One of the tenants has lived in her unit for 14 years and has made it her home and would love to stay on.
This property is a turn key opportunity to purchase with great tenants in place and with no urgent upgrading required. Possible ways to improve the property would be to replace vanities (approx $400 each) and replace toilet pans.
Due to the location of this property you could also go the whole hog and completely repaint, re-carpet, new kitchen, new bathrooms and have a couple of stunning executive apartments.
Estate type: Freehold
Rental status: $515 p/w
Rental appraisal:$600 - $680 p/w Written rental appraisal available to potential purchasers
Floor area: 180m2
Land area: 491m2
Car parking: 2
Close to CBD, supermarkets, hotels, walkable distance to all amenities.
Gross yield: Potential 7+%
Rental appraisal: $600 - $680 p/w
Written rental appraisal available to potential purchasers