RARE UNIT COMPLEX INVESTMENT OPPORTUNITY

18 Kerwan Street, Cooma, 2630

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2 AUDEst. Mortgage: AUD 0/monthFor Sale
  • Ownership Type Unitblock
  • Property Area 2,026 sqft
  • Bedrooms 18
  • Bathrooms 8
  • Furnished No
  • Last Updated 10th Jan, 2023

Amenities

Feature that provides comfort, convenience, or pleasure
  • Open Spaces: 8
  • Living Areas: 8
  • Toilets: 8

Property Overview

For sale for the first time in many years, this unit complex located in a great Cooma position provides an extremely hard to find multi-income investment opportunity. Strata titled, but owned in one line, the current owner is ready to retire and do other things. <br/>The complex offers 2 blocks of 4 units, each complex with a communal laundry and plenty of off-street parking on the 2,026 sqm parcel of land. <br/><br/>Features include;<br/>* 8 units, comprising - 3 x 3 bedroom - 4 x 2 bedroom & 1 x 1 bedroom all with single bathrooms. <br/>* Fully tenanted and returning approx $130,000 per annum gross. With potential to increase. Outgoings equate to approx $33,000 per annum<br/>* All units present in good condition, with majority benefiting from recent upgrades<br/>* Strata Titled and entirely owned by current owner. Opportunity to potentially sell units individually in the future which provides great versatility. <br/>* Conveniently located, and in a sought-after area of Cooma<br/><br/><br/>

Location on Google Map

18 Kerwan Street, Cooma, 2630

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