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

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.