Price unavailable
Price unavailable60 Middleton Street, South Kempsey NSW 2440
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Property was sold on 7 April 2021.
Sold on 7 April 2021.
8 beds
4 baths
4 cars
Block of Units
1007m²
8
4
4
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Block of Units
1007m²
Property Features
Now this is a great little cash flow opportunity! Held by the owner for the last 25years. - 1,007sqm approx. block. - Block of units - 4 x 2 bedroom, 1 bathroom, 1 garage units. - Have been consistently rented over the years. - Currently let of $200/wk, $180/wk, $200/wk, $200/wk. - Rates are $8,043/pa. - Now showing a "net" return of between 7.1% and 7.5% (excluding insurance)(including rates, management fees, water usage). - Definitely room to improve that return. - Potential rental return (Unit 1 & 2 $230/wk and Unit 3 & 4 $240/wk) - So future potential for amazing returns of 9.1% to 9.7%. Now that's a great little return on your money! Call us any day, anytime.