CASHFLOW POSITIVE INVESTMENT OPPORTUNITY
Situated in the heart of Morwell on the fringe of the CBD, this block of units represents a standout investment opportunity for the astute investor. With four refurbished units under one roof offering a combined annual net income of approx. $41,250, this property offers exceptional yield with long term tenancies in place. An excellent choice for those seeking a high yield, high performing investment with minimal management.
U1 $200 per week with 5% increase due July
U2 $225 per week with 5% increase due July
U3a $300 per week (utilities paid by landlord)
U3b $280 per week (utilities paid by landlord)
Total $52,260 per annum
Municipal rates cost totaling approx. $3000 per annum.
Water rates cost totaling approx. $962 per unit per annum (landlord pays water usage for units 3a & 3b, approx. $600 per annum).
Landlord pays gas usage on all units, hot water service only – approx. $500 per unit per annum.
Electricity separately metered for units 1, 2 and 3 (3a & 3b combined).
Including general maintenance total costs are approx. $11,000 per annum.
NET INCOME: Approx. $41,250 per annum.
- Block Of Units
- 4 bed
- 4 bath
- 3 Parking Spaces
- Land is 452 m²
- 3 Carport