1-3 / 18 Albert Street, Rainbow
A BLOCK OF 3 units -9.27% Gross return.
Here is an opportunity to purchase this block of 3, 1 bedroom units. Now fully occupied they make an ideal investment.
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.