This is a rare opportunity to own 10 fully renovated 1-bedroom units, all on a single title with no strata fees. Each unit has been recently upgraded with brand new kitchens, bathrooms, and flooring, offering modern comfort and style. Located in a prime area, these units are just a short distance from sporting facilities, supermarkets, Geraldton Aquarena, and the town center.
Key Features:
• 10 x 1-bedroom units, all at ground level for easy access.
• Recently renovated with new kitchens, bathrooms, flooring, plumbing and electrical. renovation expense report can be provided for depreciation purposes.
• Low-maintenance properties with a strong income potential.
• Current gross return of over 8%. with full tenancy generating $135,200 in Gross rent per annum
• Opportunity to further increase return by installing air conditioners and/or creating private backyards.
• The roof of one building has just been replaced.
• Parking is available in front of every units
• Council rates $18,600 approx PA and Water rates $3,600 approx PA
These units are perfect for investors seeking a high-return property or for a company looking to accommodate employees. Don't miss out on this ideal investment opportunity.
Contact
Call exclusive agent Jim Quinn now at 0412 991 442 for more information.
*All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should do their own due diligence.
This property at 211-213 Sixth Street, Geraldton is a ten bedroom, ten bathroom house sold by Jim Quinn at Geraldton Property Team on 03 Sep 2024.
Looking to buy a similar property in the area? View other ten bedroom properties for sale in Geraldton or see other recently sold properties in Geraldton.
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