1-3 / 18 Albert Street, Rainbow

A BLOCK OF 3 units -9.27% Gross return.

Unit

3 bedrooms
3 bathrooms
3 car spaces
990 m2
$185,000
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Description

Here is an opportunity to purchase this block of 3, 1 bedroom units. At the moment only 1 unit is rented and we are currently working on getting the other 2 units ready to be re-rented again.
Unit 1 is periodically rented for $110pw and it has been rented to this tenant since October 2019
Unit 2- is currently rented for $110pw. Lease expires 21st April 2023
Unit 3- is currently rented for $110pw until 12th April 2023
Each unit has a kitchen, lounge and a combined bathroom/ laundry.
All units have modern electrical switch boards, electric appliances and reverse cycle A/C. There is a carport, storeage shed and a large rainwater tank with pump.
The units are individually metered for power but there is only one water meter.

Property Location