32 Albert Street, Cooma, NSW 2630

  • 8
  • 4

Sold

Sold

Fully Leased Investment - Central Location

Comprising four x 2 bedroom units in one rectangular building.

Units 2 & 3 have been renovated in the past two years.

Unit 4 was renovated one month ago.

Unit 1 is in good order and would benefit from a modern reno.

Each unit has 2 bedrooms (one bedroom with a built in robe), kitchen area, bathroom with a laundry outlet and a spacious living room.

3 units have a front verandah.

Unit no 4 is bigger than the others.

Each unit has electric heating, cooking and hot water. There is an individual water tap to each unit.

The exterior consists of an iron roof and pine cladding on the walls. It has been painted in April 2019.

Title – Freehold land. The block has the advantage of street and rear lane access.

Parking – Available at the front or at the rear.

Rentals – The four units are leased. $835 per week x 52 = $43,420

Location – Near the hospital. A short walk to the C.B.D

Price – $485,000

Comment – there is still some “upside” to be had in this investment. Ask for details about this. The Snowy 2.0 project is having an effect on Cooma investments and it would appear that the rents are going “north”. It is expected that a lot of accommodation is going to be required during the project.

Agent – Don Menchin 0413 028 795

Property Info:

  • Property ID: L1133078
  • Property Type: BlockOfUnits

We Know Your Area

R&H Suburb Profile: Cooma

R&H Suburb Summary Houses
Number of sales 148
Average Price $348,755
Median Price $315,000
Median Rental Price $330 p.w.
Change in Rental Rate (5yr) 22 %
R&H Suburb Summary Units
Number of sales 7
Average Price $349,319
Median Price $130,000
Median Rental Price $195 p.w.
Change in Rental Rate (5yr) 15 %
Cooma, NSW - Median Trend

School closest to 32 Albert Street

School name Distance
St Patrick's Parish School, Primary Campus 0.64 km
St Patrick's Parish School
View Website
0.64 km
Cooma Public School
View Website
0.74 km
Snowy Mountains Christian School
View Website
2.26 km
Cooma North Public School
View Website
2.58 km

"Distance" is a straight line calculation. Please contact your desired school to establish it's catchment area.

  • 32 Albert Street, Cooma,
    New South Wales, 2630