1-4/38 Raye Street, Tolland, NSW 2650

For Sale

$890,000 - $930,000

Brilliant Investment - Four Units

A fantastic four-tier investment option with loads of upside. Consisting of three two-bedroom properties & a one bedroom property with solid returns and historically low vacancy.

All Units - 1,2,3,4, include:

• Kitchen with electric oven & cooktop with generous bench & cupboard space

• built-in robes to bedrooms

• updated reverse cycle air-conditioner

• Main bathroom with shower, toilet, and vanity

• Open plan living

• Onsite parking

• 2 shared laundries

Unit 1 - Original condition with some updates

Unit 2 - Original condition with some updates

Unit 3 - Mainly original condition with fresh paintwork

Unit 4 - Renovated kitchen, fresh paintwork and flooring

Rental Returns:

Unit 1 - $320 per week (2 bedroom)

Unit 2 - $300 per week (2 bedroom)

Unit 3 - $320 per week (2 Bedroom)

Unit 4 - $300 per week (1 Bedroom)

Yearly income of $64,480

Rates - $5,228.94p.a

Water - $1,103.72 for 2024 (the landlord pays for all water)

Land - 777.80 sqm

Currently on one title, NO strata.

Moments to Tolland shops, bus route and local schooling.

Expenses can be provided upon request.

Grant Harris

Director/Licensed Real Estate Agent

Claire Zollinger

Director/Licensed Real Estate Agent

Got a property to sell? Contact us for a free Request Appraisal

Property Info:

Property ID: L16499573
Property Type:Block of Units
Open Parking:4
Land Area:778 sqm

Need help with your finance?

Our Broker is always on your side, and we are proud to be helping Australians obtain finance that best suits their circumstances and allows them to realise their property dreams. Your broker will work on your behalf, not the banks, to ensure that you get the most competitive rate within a product best suited to your needs and we do it fast and for free.