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Best Offer Over $949,000
This exceptional four-unit Prospect Vale property, set on a generous 948m² block, is perfect for investors seeking a high-performing asset or a flexible multi-generational living arrangement.
Each Unit Features:
• 1 spacious bedroom
• 1 practical bathroom/combined laundry
• Open-plan kitchen, Living and Dining area
• A single carport for each unit, ensuring convenience for tenants
• Rear fenced courtyard areas
With all units on the same title, this hassle-free investment offers the added benefit of no body corporate fees, making it a smooth and stress-free addition to your portfolio. The property is fully leased to excellent tenants, providing a strong return of over 6%, making it a fantastic income-generating opportunity.
Brick built, in fantastic condition both inside and out with no outstanding maintenance inside or out that we are aware of. Little to no on-going upkeep for years to come makes this a set and forget investment.
Located in a thriving suburb close to parks, shopping, dining, and top schools, the units are easy to find tenants for and have a very low vacancy rate if at all. Whether you're looking to rent all units or occupy one while leasing the others, this versatile property provides options.
Act fast to secure this rock-solid investment! Private inspection is available to qualified buyers. As the units are tenanted, a minimum 2 working days notice is required prior to inspection. Please contact David and his team today to schedule a viewing. Don't miss out on this fantastic opportunity to grow your portfolio in a high-demand area!
Rental Estimate: Up To $310 per unit p/w. Combined Rental Estimate of $1240 p/w for entire property
House size: 196m2
Land size: 948m2
Built: 1994
Rates: $3,770.47 p.a
Council Zoning: Residential
Council: Meander Valley
Heritage listed: No
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**
112-114 George Street, Launceston TAS 7250
Call David Hernyk on
0438088496
Call Claire Coleman on
0439699480
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