The Best of Both Worlds
Own one of the few remaining registered flat complexes permitted in the Ithaca Town plan making this a very unique opportunity for the astute buyer.
You can live at the front of this split level 4 bedroom, double garage residence ensuring your privacy with two income producing flats at the rear of 632m2. The four registered flats returning $66,000, gross, per annum. This purpose built retro apartment block with two street access can be either at any time to suit your changing needs.
Currently comprising of 3 x 2 bedroom units and 1 x 1 bedroom unit, freshly painted, all with 9 foot ceilings, split system air conditioning and ceiling fans in all rooms, these little money-spinners are currently leased between $285 and $330 per week. Units 1 and 2 both have the added advantage of gorgeous verandahs overlooking the suburb, also Units 1,2 &4 have polished floorboards and Unit 3 is carpeted. For those looking to live and earn, the alternative of combining Units 1 & 2 to create a 4 bedroom, 2 bathroom home is a viable option and still keep Units 3 & 4 as rentals. Partly furnished, white-goods are included, and all flats have gas cook tops and instantaneous gas hot water. With plenty of on and off street parking and a double lock up garage, separate laundry and separate workshop. This is one little money spinner you'll have to see to believe!
At a Glance:
4 Registered flats
3 x 2 bedroom units
1 x 1 bed unit
Approx. $66,000 gross return per annum
Retro feel
All freshly painted
White goods inclusive
Gas cook tops
Instantaneous Gas hot water
9 ft ceilings
2 street frontage corner block
2 gorgeous verandahs for Units 1 and 2
Separate laundry and work shop
1 x double lug + room for 3 cars
On 632m2
