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This early 1900s two flat property has been a reliable rental for many years, with the two bedroom upstairs flat and two bedroom downstairs flat being a popular find for tenants. The overseas based owners are now keen to sell, with a water ingress issue in the downstairs flat requiring remediation and being a task too much for them from a distance.
This opportunity would be ideal for a builder or someone with building connections to investigate and remediate the issues which need to be addressed for this to once again be a healthy home.
- Two flat property
- Two bedroom, one living, one bathroom upstairs
- Two bedroom, one living, one bathroom and flow to outdoor space downstairs
- One carport
- Weatherboard early 1900s construction
Asking for interest over $575,000, with a rateable value of $1,240,000 this is an incredible opportunity for a savvy and prudent purchaser to add value, whether that is then to on-sell, or to re tenant and hold.