Positioned on prime real estate, next to the Trevallyn shops and bakery, this Circa 1937 home has been divided into three flats with an excellent combined income and a rental yield in excess of 6.5%. It is currently configured as two 2-bedroom units and one 1-bedroom unit and all are very tidy with great tenants in place on long leases - an easy investment. Features: • Weatherboard and imitation tile five-bedroom, three-bathroom property • Great views are on display in all units with the Seaport & Tamar River from Unit 1 • Spacious living areas in each of the units • Units 1 & 2 have modern kitchen upgrades already • Bathrooms have also been upgraded over time • Reverse cycle air conditioning in each unit • Shared laundry including a washing machine for each unit (3) • Only 30m to Trevallyn shops, bakery, post office & grocery store • Close to community sporting facilities (tennis, bowls, cricket clubs) • Close to the Cataract Gorge and an abundance of scenic walking trails • Close to a private and public schools, shops & supermarkets & all city conveniences • Only 3 minutes' drive to Launceston's CBD (or 18 minute walk) Contact Jeremy Wilkinson or Nav Kaur for further information. Current rental return: Unit 1 - $305 pw lease end 27/8/2024, Unit 2 - $345 pw lease end 14/2/2025 & Unit 3 - $335 pw lease end 9/08/2024 House size: 188 sqm Land size: 436 sqm Built: 1937 Council rates: $3991 pa Zoning: General Residential Council: Launceston 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**