6/515 Main North Road, Elizabeth, SA 5112

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Under Offer

$139,000 - $149,000 - Under Contract

An Excellent Positive Geared Investment Opportunity

These solid built units were renovated and refurbished not so long ago and are popular low maintenance living for individuals and couples. Ideally located for tenants, it is a short walk to Elizabeth City Centre Shopping Centre, public transport, parks and gardens and all other local amenities. Some of the great features include:

• 2 Good Sized Bedrooms, Both with Built in Robes

• Separate Entry Hallway

• Spacious Lounge/Living Room

• Split System Reverse Cycle Air Conditioning

• Modern Gas Kitchen with Underbench Oven, Rangehood and Ample Cupboards

• Functional Bathroom and Laundry Combination

• Very Neat and Tidy Presentation

• Tiled Private Balcony Area

• Single, Separate Lockup Garage with Rollerdoor

• Secure Gated Group with Coded Access Security Gates

Currently tenanted @ $220.00 per week by an excellent tenant who wishes to stay on with a fixed term tenancy and who looks after and keeps the unit neat and tidy, this investment represents a positive gearing cashflow – even on a 100% lend!! Plus future capital gain. I would be happy to email you an impressive cash flow analysis on request. Inspection by appointment only.

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Property Info:
  • Property ID: L14374184
  • Property Type: Unit
  • Garages: 1
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R&H Suburb Profile: Elizabeth

R&H Suburb Summary Houses
Number of sales 24
Average Price $297,039
Median Price $286,250
Median Rental Price $320 p.w.
Change in Rental Rate (5yr) 19 %
R&H Suburb Summary Units
Number of sales 6
Average Price $115,833
Median Rental Price $220 p.w.
Change in Rental Rate (5yr) 8 %
Elizabeth, SA - Median Trend