Great Investment Return!!!!This four bedroom house has been converted into two 2 bedroom flats.
Currently rented for $505 per week, this represents a great investment return while still having the potential to improve and increase the rents.
Located at the top of Cringila in a very quiet street, both flats are currently tenanted with long term tenants.
Each flat has a good size living and dining area, two good sized bedrooms, kitchen, polished floors throughout; bathroom with shower and bath; and internal laundry.
There is also off street parking for one car.
* Two 2 bedroom flats
* Both currently tenanted with total rent of $505 per week
* Gross annual return of $26,260.00
* Very quiet street at the top of Cringila
* Age 56yrs
* Land size 443 m2
* Land dimensions 12.47 x 36.58
* Water rates $771.64 plus usage per annum
* Council rates approximately $1,830.40 pa
* Stamp Duty on $440,000 = $15,290
House Features & Amenities
- Bedroom: 4
- Bathrooms: 2
- Off Street Parking: 1