58 Riverine Street, Bairnsdale VIC 3875

$1,395,000

6 beds

6 baths

SIX UNIT INVESTMENT OPPORTUNITY

Situated in the Bairnsdale CBD, within easy walking distance to shops, cafes, and supermarkets, this block of 6 one bedroom units is an excellent investment opportunity. Each unit features an open plan kitchen/dining/living space which opens up on to their own private balconies that overlook the Mitchell River, walking track and mountains. All 6 units feature electric heating in the main living spaces and generously sized bedrooms with built-in robes and adjoining ensuite bathrooms. Positioned on an allotment of approximately 2,500 square meters and vehicle access available from the rear road, there is potential for the new vendor to improve the property by developing car spaces for the residents (STCA). Potential annual return of approximately $90,480 representing a 6.48% gross. All 6 units are currently rented, therefore inspections will be by appointment only. Please contact Elders Real Estate Bairnsdale/Paynesville on 03 5152 7588.

Property Details

• Type: BlockOfUnits
• Bedrooms: 6
• Bathrooms: 6
• Land Area: 2,545 m² (approx)
• Tenancy: Tenanted

Features

• Balcony
• Built-In Robes

• Other features: Close to Shops, Heating