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Fully tenanted complex of 8 - Enormous potential for improvement.

Deniliquin

135-137 Wirraway Drive

$470,000

9

8

6

Property Features

  • 12950273 Property ID
  • Air Conditioning Four split systems + Three Reverse Cycle
  • Land Size 1587 Square Mtr approx.
  • 6 Total car spaces
  • Air Conditioning Yes
  • Built In Robes Yes
  • Courtyard Yes

Property Description

The opportunity for improvements in and around this fully tenanted complex of eight at 135-137 Wirraway Drive are endless. This is a great investment option where you could hit the ground running with the combined rental income of $860 per week with excellent potential for further improvements and increase of rental yield. Features at a glance: * 7 single bedroom flats, and 1 large two bedroom townhouse * All electric kitchens * Split system air conditioners to four flats and reverse cycle wall mounted air conditioners to a further three. * Fabulous location, opposite South Primary School in this well regarded residential area, barely a minute drive from the CBD and Deniliquin High School * Outstanding potential to increase yield with gradual property improvements * Council Rates $7,912.26 (2016/2017 financial year) * Covered parking for 6 cars * In ground swimming pool recently filled in and covered with artificial grass, proving a popular improvement to the shared central courtyard * Shared laundry with front-loader washing machine * Complex is dated, but flats are in fair condition and have excellent colourbond boundary fencing * Outstanding opportunity to improve with gradual renovation and re-sell

Property Location

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