Domain Illawarra Real Estate proudly presents an exceptional investment opportunity featuring two outstanding properties. Currently returning $52,000 per annum. Firstly, a three-bedroom brick veneer family home that has undergone recent updates. Step into the oversized living and dining areas adorned with laminate flooring, leading to an updated kitchen with ample cupboard space and electric cooking facilities. The home offers three spacious bedrooms with new carpet and built-in wardrobes, along with a neat and tidy bathroom with a shower over the bath and a separate toilet. A single lock up garage with plenty of storage space. Outside, discover a fully fenced low-maintenance backyard with a paved sitting area, perfect for enjoying sunny days. A small balcony provides distant water views, offering a tranquil retreat. Just a short stroll away from the water's edge and jetty. Currently on a continuing lease, this property generates $540 per week in rental income. Secondly, a stylish and modern two-bedroom near new granny flat boasting a large open-plan air-conditioned living, dining, and kitchen area with laminate flooring. The sleek kitchen features ample cupboard space, stainless steel appliances, a dishwasher, and gas cooking. Both bedrooms are equipped with spacious mirrored built-in wardrobes and ceiling fans, while the generously sized bathroom includes laundry facilities. Outside, a low-maintenance courtyard with a covered deck provides an ideal spot to enjoy sunny days with views overlooking the lake. Just a short walk from the water's edge, this property is currently leased at $460 per week until September 2024. These exceptional properties are a lucrative investment opportunity. Disclaimer: At Domain Illawarra Real Estate, we strive to provide accurate information in our marketing materials based on details supplied by our Vendors. However, we cannot guarantee the complete accuracy of this information. Therefore, Domain Illawarra Real Estate does not make any representation, statement, or warranty regarding the complete accuracy of the details shared. We strongly advise potential buyers to undertake their own due diligence when considering a property purchase. Please note that all photographs, maps, and images are for marketing purposes and are representative only.