Investors check this out: Three homes on one 809m2 freehold title.
Located close to the city and the popular Aquatic Centre and Mitre 10/ Kmart shopping complex makes the location very attractive for residents. All three dwellings have long term tenants who wish to stay.
Currently the units have 1, 2 and 3 bedrooms respectively and the addition of a small wall to enclose the mezzanine of unit 3A would make this a 3-bed property also.
The front two dwellings (3A & 3B) both have kitchen, living room, 2 bedrooms and a family bathroom downstairs. Upstairs, they both have large mezzanine rooms with built-in wardrobes. 3B has enclosed this space making this the 3-bedroom property and this would be easy to replicate in the adjoining unit (3A). Both these front properties have internal access garaging. There is good indoor/outdoor flow with a north facing deck and good sized, fully fenced back yards.
At the rear of the site is the one-bedroom unit with off road parking and also has a large North facing private yard.
All three homes have heat pumps and are Healthy Homes compliant.
RENTAL INCOME: These units are being well managed, and all have long term tenants who wish to stay.
At the asking price and current rents this equates to a 7.2% gross yield and potential increase to 8.5% with rent reviews to market rates.
Rental appraisals can be provided to potential purchasers. Council files are also available to assist purchasers with their due diligence.
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