1-3/52 Raye Street, Tolland NSW 2650

$910,000

6 beds

3 baths

3 parking

Fantastic Investment Opportunity – Hesitate And Miss

Situated on a corner block within a peaceful cul-de-sac, this well-maintained 696sqm complex presents a unique investment opportunity. Featuring three brick units, each with a consistent layout that includes a single living area, combined kitchen dining area, and two bedrooms. All units currently tenanted with a current weekly income of $900 per week with the potential to increase in the future.

Unit 1:
- Currently tenanted for $290.00 per week and in lease until 18/01/2025
- Two bedrooms, one with built in robe
- Updated kitchen with electric cooking and abundance of cupboards
- Multiple split systems – one in the main bedroom and the second in the living area plus ceiling fans
- Updated bathroom complete with shower, vanity and toilet
- Separate internal laundry with access to the back courtyard area
- Undercover car accommodation to the front of the unit

Unit 2:
- Just leased for $320.00 per week with the lease until 01/09/2025
- Two bedrooms, one with built in robe
- Updated kitchen with electric cooking and abundance of cupboards
- Split system heating and cooling to keep you comfortable
- Freshly painted and newly restored cypress floorboards for that modern feel
- Updated bathroom complete with shower, vanity and toilet
- Separate internal laundry with access to the back courtyard area
- Undercover car accommodation to the back of the unit

Unit 3:
- Currently tenanted for $290.00 per week and in lease until 24/07/2025
- Two bedrooms, one with built in robe
- Updated kitchen with electric cooking and abundance of cupboards
- Split system heating and cooling to keep you comfortable
- Updated bathroom complete with shower, vanity and toilet
- Separate internal laundry with access to the back courtyard area
- Undercover car accommodation to the back of the unit

Situated across from Red Hill Public School, walking distance to sporting ovals, Tolland Shopping Centre, public transport and a short drive to the CBD. With endless possibilities for value-adding, this hassle-free set and forget complex is perfect for investors looking to capitalize on Wagga's thriving market. Contact Chloe to organise your inspection or for more information.

Council Rates: $4,039.50 per annum
Land Size: 696.56 sqm
Rental Potential: $300.00 - $330.00 per week, per unit
Strata Fees: NIL

*All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Property Details

• Type: BlockOfUnits
• Bedrooms: 6
• Bathrooms: 3
• Garage Spaces: 3
• Land Area: 696 m² (approx)