Quirindi has emerged as a hot spot for property investment, offering a unique opportunity for investors seeking substantial returns. The area boasts a growing demand for rental properties, making it an attractive option compared to other similar investment locations. Investing in a block of units with secured tenants not only maximizes income potential but also reduces the risk associated with relying on a single property. You can own multiple units generating diverse rental income.
This strategy not only enhances cash flow but also provides a buffer against vacancy and market fluctuations, solidifying Quirindi as an exceptional investment choice.
The property features four 2-bedroom, 1-bathroom units, each unit is currently tenanted, generating a combined rental income of $1070.00 per week. Ideally situated within walking distance of the main street, schools, and a hospital, these units have been fully updated within the last five years. Each unit boasts self-contained living spaces with open-plan layouts and well-equipped kitchens. The bathrooms feature a combined laundry area, complete with a shower, vanity, laundry tub, and toilet, while one of the units includes a dedicated laundry cupboard. This outstanding rental property is located in a peaceful area, elevated for added appeal.
In the ever-changing landscape of property investment, rare occurrences that present unique opportunities are often few and far between. One such occurrence in Quirindi is the chance to acquire a block of units in a region where growth projections indicate a significant increase in property values. The convergence of rising rental demand with limited housing supply creates a perfect storm for investors. Such a scenario is not just a fleeting moment; it's an opportunity that can lead to substantial capital appreciation over time. With interest rates stabilizing and investor confidence on the rise, this is a prime moment for those looking to expand their portfolios. Missing out on this chance could mean foregoing years of potential wealth creation; seasoned investors understand that the best options seldom last long.
Council Rates: $4400 p/a
Water Usage: $1000 p/a
Insurance: $130 p/m per unit
**information has been advised by vendors and buyers are requested to their own enquiries**
Features
- Air Conditioning
- Split-System Air Conditioning
- Split-System Heating
- Courtyard
- Built-in Wardrobes
- Floorboards