180 Balmacewen Road, Wakari

7 BED4 BATH3 CAR GARAGING

Web ID: DO11883

SOLD

Multi-unit investment with potential

This 1960s property offers an excellent opportunity for investors seeking multiple income streams. The property consists of 3 x two-bedroom units plus a standalone 1-bedroom unit at the rear of the property.

All three units provide comfortable living on the main level with an open plan kitchen and living room (heat pump), laundry and separate toilet. Upstairs has two good size bedrooms and the main bathroom with shower and vanity. The rear unit is partially renovated, offering additional rental income upon completion. The total income across the three units is $1125 per week, but with some enhancements you could see an increase in the rent. There are three basement garages plus further street parking.

This opportunity is ideal for those looking to invest in a property with existing rental income and growth through renovations and upgrades. The combination of multiple units, ample parking, and proximity to town and public transportation makes it a desirable investment.

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Property Details

Approximate Floor Area
230m2

Approximate Land Area
610m2

Rateable Value
$965,000

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