This investment opportunity sitting on 1,188m² in close proximity to the town centre comprises a strata titled 6 lot residential unit development of 6 x 2 bedroom units with open plan kitchen, lounge/dining and bathroom with shower, separate toilet, patio and community laundry.
Each unit has a floor area of 77m² plus car accommodation with most units having been partly renovated including painting, vinyl flooring, carpets, electric stoves, laundry taps, new circuit boards with safety switches. Unit 6 is still to be renovated however it can be rented as is for $100 per week.
This property has been professionally managed by the listing agent for over 30 years and currently five units are tenanted at $140 per week.
With a potential gross return of $41,600, this Tenterfield investment opportunity is well worth considering. Call Lisa to book an inspection.