10 x 2 B/R units on approx 3180 m2

Investment opportunity with a gross return of approx. $104,000 per year. ( 8.6% Gross Return ) $200per unit, per week.
These weatherboard/cement block construction units are located in a prime position in the popular Dooen Road Area, close to the Hospital, Churches, CBD area and Dooen Rd convenience store.
The units have a single carport parking space , refrigerated cooling, gas heating and electric upright cookers.
Several units have had a fresh coat of paint, new floor coverings/ Curtains, updated stoves and new air conditioners.
All units are very sound & generally in VGC with regular maintenance done. Some units would benefit from a coat of paint externally, and will only add to the value and appeal. The opportunity exists for a new owner should they wish to renovate the units one at a time to achieve higher rental returns and provide some possible tax deductions.
The title is one block of approx. 3180 m2.
All units have their own electricity & mains gas meters.
Council rates are approx. $1136 per unit.
Water/Sewerage rates approx $980 per unit.
The units have regularly maintained a 100% occupancy rate.
Blocks of units of this size are rare, if you are interested please call Jock on 0418815770 for further information.