Investors looking to start their portfolio will love this budget friendly unit; it is solid, has a long-term tenant and a good return. It also offers hands-on investors a great opportunity to do some cosmetic renovations and improve the return, boost the equity and lift the value of the investment.
The kitchen and lounge room are open plan, and a separate laundry offers additional storage and access to the clothes line outside. The bedroom is accessed from the lounge room and has a double wardrobe and ensuite with a shower, vanity plus a separate toilet.
Perfectly positioned, from the front of 54 South St you can see the old railway precinct with its shops, entertainment and restaurant facilities, and within walking distance to schools and parks. Currently leased at $130 per week ($6,760 annually) offering approx. 5.8% gross return. Don’t miss out, for just $115,000 you could be a landlord!