76 Springfield Ave, West Moonah TAS 7009, Australia
Exciting Investment Opportunity: Four-Unit Block with Strong Rental Returns.
Our motivated vendor is eager to transition to their next venture, offering you a prime investment opportunity.
Built in 1952, this block of four units presents an excellent addition to your rental portfolio or a fantastic starting point. With a combined rental income of $1,450 per week, the property offers a robust return of approximately 7.5% based on the asking price—meaning it’s essentially self-sustaining even before anticipated interest rate cuts. Prospective buyers should evaluate the return on investment based on their purchase price.
Property Details:
Upper Level:
• Two-Bedroom Flat:
o Leased at $400 per week until January 2025
o Features upgraded kitchen and bathroom
• One-Bedroom Flat:
o Leased at $380 per week until June 2025
o Includes modern kitchen and bathroom
Lower Level:
• Two x One-Bedroom Flats:
o Both units are fully functional with potential for value addition through kitchen and bathroom upgrades
o Currently leased at $370 and $300 per week, with leases running until January and February 2025
The property is centrally located, offering convenient access to various business and shopping areas, as well as being close to a public transport hub.
