5 Units, 1 Title, Endless Potential!
For more property information text 169BAG to 0488 810 057 Priced to Sell - Renovate and Revalue.This is the investment opportunity you've been waiting for. Five tenanted, one-bedroom units on a non-strata title in one of Darwin's most central pockets-minutes from the CBD, Casuarina, and the stunning Nightcliff coastline.Yes-it needs some love. But that's where the upside is. Priced to reflect the work, this block is a blank canvas for the smart investor ready to roll up their sleeves and add serious value.The Numbers:-Asking Price: $895,000-Total Rental Income: $1,270/week-Gross Yield: 7.4%-Land Size: 870sqm-Zoning: LMR (Low-Medium Density Residential)-No Body Corp - Self-ManagedWhat You're Getting:-5 x 1-bed, 1-bath units - all individually tenanted-Solid brick construction with scope to refresh-Private courtyards + laundry space under verandas-Secure front entry, open plan living, functional kitchens-Off-street parking for each unitRental Breakdown:-Unit 1 - $280/week (Lease to Feb 2026)-Unit 2 - $290/week (Lease to Aug 2025)-Unit 3 - $260/week (Lease to October 2025)-Unit 4 - $210/week (Periodic - tenant since 2010)-Unit 5 - $240/week (Periodic - tenant since 2014)Location, Location:- 5 mins to CBD, Casuarina, and Home Maker Village- Near public transport, parks, schools, and day care- 5 mins to East Point + Nightcliff Foreshore- Grab a weekend coffee at The Cool SpotThe Opportunity:This block has great bones and long-standing tenants. It's producing income right now and offers huge potential for those ready to make it shine. Whether you're adding to your portfolio or looking for a reno project with guaranteed returns-this is it.Secure it now, modernise later-and watch your yield grow.Other Info:-Council Rates: Approx. $8,744 per annum -Area Under Title: 870 square metres -Year Built: 1972-Zoning: LMR (Low-Medium Density Residential)-Body Corporate: Self Managed -Vendors Conveyancer: Lawlab -Settlement period: 45 days or variation on request -Easements: As per title -Deposit: 10% or variation on request
