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Home Hill, 39 Eighth Street

Multi Income - Three (3) Flats - Net Capital Return 7.8%

$115,000

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Listing Number: LTY9946
About this listing
EXCLUSIVE. Rare offering! High-set Multi-Income complex with a Net Capital Return of approximately 7.8%. Set of three (3) Flats - two upstairs and one down. TOTAL RENTAL INCOME IS $310 PER WEEK. Construction includes concrete lower-level and timber-frame upper level. Given its close location to the CBD, this complex has a superb 24/7 rental history - and all Flats are currently tenanted. Layout includes two (2) one-bedroom Flats (upstairs) and one (1) two-bedder (downstairs). Flats have original kitchens and bathrooms. This complex is perched on a large prominent 911 sqm corner allotment on the doorstep of the Home Hill CBD. Covered parking. Rates approx $4448 per annum. Call for details.
Property Information
  • Land Size: 911 sqm
  • Property Type: Block of units
  • Tenure: Freehold
  • Approx year built: 1930
  • House style: Highset

Contact Details

Landmark Harcourts McCathies - Ayr

262 Queen Street
Ayr
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