1-5/823 Miller Street, WEST ALBURY

Floor Plans

Description

Presenting a great opportunity for the astute investor to add to the portfolio, this block comprises 4 X 2-bedroom units and 1 X 1-bedroom unit. Currently returning $48,880 gross per annum (approx.), the block is fully let to great long-term tenants.

In maintained condition, the units have potential to add value through renovation or strata subdivision subject to council approval. Situated in a favourable position, the block is just minutes to Monument Hill, the Albury CBD, bike/walking paths and the Murray River. A quiet residential street with elevated views also adds appeal to potential future tenants.

Combined rent income $940 per week ($48,880 per annum)
Fully let to great long-term tenants
Situated within walking distance to amenities
Rates $3,416.92 (approx.) per annum
Water $850.95 (approx.) per annum + consumption

Unit one - One bedroom – returning $190 per week
Unit two - two bedroom – returning $190 per week
Unit three – two bedroom – returning $190 per week
Unit four – two bedroom – returning $190 per week
Unit five – two bedroom – returning $180 per week (future rent increase to $190 to take effect 26/4/2020)

Location

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