18 Cumberland Street, Cessnock

18 Cumberland Street is an entry level investment needing renovation of 2 flats which is the perfect opportunity to bring to its full potential. The property features a combined total possible rent return of $525 per week which is made up of the 2 flats. These flats are situated on a 809sqm block and conveniently within a 80m walk to Cessnock CBD and is close to public transport, shopping centres and sports facilities, making this the perfect location for this style of investment. Zoning B4 Mixed use - Business/Commercial Zoning Both flats are currently tenanted with another local agentFlat 1 - Features 3 bedrooms, kitchen, and two bathroom. Currently returning $275 per week.Flat 2 - Features 2 bedrooms, kitchen, two living areas and a bathroom. Currently returning $250Both flats share a double carport with street parking also available - Council Rates $655pq - Water Rates $317.24 pq If you are looking for an investment opportunity, 18 Cumberland Street will be the end to your property search! Make your first investment or even bring this house up to its true potential with some tender loving care. So close to City Centre and in the heart of the Hunter Valley. Please contact our office for more details 02 4050 6000