Multiple tenancy returning $650pw- Great investment opportunity!

This unique property has been split into 4 individual tenancies. 2×2 bedroom and 2×1 bedroom flats. Currently receiving $650 per week with the potential strong increase.

The 2x 2 bedroom properties are located towards the rear of the block with flat 1 featuring a private courtyard, renovated kitchen, open living and natural gas heating.

Flat 3 is a surprise package with off street parking secured behind a private fence, great indoor/outdoor zone, large master bedroom, separate studio, open plan living with the options of gas and electric heating plus the modern renovated bathroom. The lovely tenant who resides in flat 3 has lived there for over 15 years and has really made the property feel like home.

The 2 single bedroom flats have updated kitchen joinery and are equipped with open living and separate private accesses.

These properties are located in Invermay which is turning into the popular investment location of Launceston with everything a level quick trip away.

Each flat has separate metered natural gas connections including hot water.

All tenancies are current until March 2019 with tenants willing to stay on after that date.

This really is a rare find and one not to be missed, it really must be seen to be believed!

– 4 flats/units total;
– 6 bedrooms, 4 bathrooms;
– $650pw presently with room to grow up to $800pw approx.;
– Individual metered natural gas connected;

Current Rents:
Unit 1 – $180pw
Unit 2 – $160pw
Unit 3 – $150pw
Unit 4 – $160pw

Built: 1900
Municipality: Launceston

Sims for Property has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.

Location