1-2/92 & 94A Coronation Avenue, Glen Innes

Character weatherboard duplex on one title. Existing 10% + gross return with positive cash flow from Day One. 1 X 1 bed & 1 studio flats currently returning $325per week gross. Strong demand for affordable rentals and property has always enjoyed high occupancy levels. Investors can opt to renovate to increase returns or leave in current condition and continue renting ‘as is’. Flats are separately metered ie water, power and gas (unit 1) and both bathrooms have been updated. Plus vacant residential block of land 471 m2 approx.Unit 1Separate bedroom with bathroom ensuite (& laundry in bathroom)Lounge Basic kitchen with freestanding electric stoveSliding glass door out to rear yardSmall garden shedUnit 2Studio unitOpen plan kitchen, lounge, diningInternal laundryLarge covered back deck out to rear yardClothes lineOpportunities for this level of investment return are rare. Call today.