1,2,3,4/38 Raye Street, Tolland, NSW 2650

  • 7
  • 4
  • 4

For sale

$500,000 -$530,000

Wonderful 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

• reverse cycle air-conditioner

• Main bathroom with shower, toilet, and vanity

• Open plan living

• Onsite parking

• shared laundries

Unit 1 – Original condition with some updates

Unit 2 – Original condition

Unit 3 – Original condition, long term tenant of 10+ years

Unit 4 – Renovated kitchen, fresh paintwork and flooring

Rental Returns:

Unit 1 – $160 per week

Unit 2 – $155 per week

Unit 3 – $165 per week

Unit 4 – $175 per week (1 Bedroom)

Yearly income of $34,060

Rates – $4760p.a

Water – $881 for last twelve months (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.

Income and expenses can be provided upon request.

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Property Info:
  • Property ID: L14120949
  • Property Type: House
  • Open Parking: 4
  • Land Area: 778.0 sqm
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R&H Suburb Profile: Tolland

R&H Suburb Summary Houses
Number of sales 87
Average Price $309,478
Median Price $290,000
Median Rental Price $310 p.w.
Change in Rental Rate (5yr) 13 %
R&H Suburb Summary Units
Number of sales 16
Average Price $138,625
Median Price $136,250
Median Rental Price $210 p.w.
Change in Rental Rate (5yr) 17 %
Tolland, NSW - Median Trend
$290,000