Too late ... it's GONE!!! Recession-proof investment! $41,300+ gross p/a = approx. 6.0% gross return. Low Outgoings. Offers over $599,000

Too late ... it's SOLD!!! Many disappointed Buyers looking for Multi -Unit Investments ... more Listings wanted.
Another Multi-Unit Complex SOLD by Ian O'Donnell ... more wanted! Phone 0409 348 238

Brilliant Newtown Investment - Sprawling Council Parklands with great amenities, at end of the Street, and oh, so close to schools, shops & public transport.

Four (4) x STRATA TITLED Units. Total Complex 'For Sale - 981sqm allotment.
Owner controlled – NO Body Corporate fees.
Will need cosmetic updating in the near future - but four (4) x Units on this size allotment NOT allowed by Council anymore - so rarity factor makes this a property a virtual certainty to continue to increase in value!
Basic low set Home Units with long-term tenants – current rental at $795/week. 'Bullet- proof' besser block & brick construction and located in the ever-popular, long established inner-city suburb of Newtown.
Honest building that has excellent recent occupancy record & a location ensuring consistent income & low vacancy. Not pretty (by modern standards) - good size homes internally.
Four (4) x lowset Home Units located in small, quiet complex.
Priced to allow 'value-adding' - and I have a full breakdown that I can send if you request.
This complex is basic ... and attracts long-term mature tenants with solid leases in place …
Unit 1 – significantly updated in 2016 – current rent $215/week.
Unit 2 – some updating in 2015 – current rent $205/week.
Unit 3 – no updating/pretty much original. Current rent $175/week (same tenant since 2004).
Unit 4 – some work done in bathroom in 2018 – current rent $200/week.
Complex consists of 4 x two-bedroom home units. Security front & rear doors and some windows. Each home unit has a single carport. Roomy allotment – 981 sqm – with potential to add value through landscaping, external enhancement and modernising some internally. Established hedging & trees provide a 'green screen' and good privacy.
Quiet complex - handy location. Close to the bustling HighPoint Shopping & Medical Centre, bus stop, the beautiful Council maintained Black Gully Park and the pub.
There are some challanges ... and through challanges, come opportunities - and this is opportunity with a capital 'O'!
If you want long-term, secure growing income then make the call NOW – Full PROPERTY REPORT available.