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1-6/25-27 Niagara Street, Armidale, NSW 2350, 12 Bedrooms, 6 Bathrooms, House

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1-6/25-27 Niagara Street, Armidale, NSW 2350

12
6
6
2100m2
HouseListed on Fri Dec 13

Armidale 12 Bedroom Low Maintenance, High Returns

This rare offering in Armidale's market presents a meticulously renovated set of six Torrens Title units, ideally located close to the University of New England (UNE).

Each unit features two bedrooms with built-in robes, an updated kitchen, a modern bathroom, and internal laundry facilities. The interiors have been tastefully updated with new carpet and vinyl plank flooring offering a contemporary living experience that enhances the property's appeal. Additional highlights include a garage, electric cooking, and gas heating.

A standout feature of this property is its stable, long-term tenants, providing a reliable stream of income. With a current gross income of approximately $104,520 per annum, this property offers solid financial security. Its history of low vacancy rates further emphasizes its desirability to tenants.

Well-maintained, this property features low-maintenance brick construction, a durable tile roof, and well-established gardens. Investors will appreciate the reduced operational costs, allowing for maximized profitability and return on investment. Whether you're looking to grow your portfolio or enter the investment market, this property offers both immediate rental returns and substantial potential for capital growth. With its simple yet robust construction and proven performance, these units represent a secure and profitable investment opportunity.

Contact Cayne Moar to book your inspection today on 0431 435 958

*All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*

Location

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Estimate

Council Data

Last update : 2024 11 30
Land value$233,000
Land2100m²
Planning ZoneGeneral Residential
Key SitesNo
Future Residential Growth AreaNo
Active Street FrontagesNo
Urban Release AreaNo
Obstacle LimitationNo
Lot Size500 m2
Flood ZoneNo
Sulfate SoilsNo
BushfireNo
Landslide RiskNo
HeritageNo
State Significant Dev SitesNo

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Drummond Memorial Public School
1.21 km
Primary
K-6
Government
icsea: 805
Armidale Secondary College
2.04 km
Secondary
7-12
Government
icsea: 961

Property history

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Armidale surrounding data

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
51 Niagara Street, Armidale
0.39 km
3
1
-m2
Year 2024 Month 10 Day 23
$317,000
Council approved
3 Herbert Lane, Armidale
0.25 km
3
1
-m2
Year 2024 Month 09 Day 26
$347,000
Council approved
7 Herbert Lane, Armidale
0.26 km
4
1
-m2
Year 2024 Month 09 Day 26
$363,000
Council approved
12 MCINTOSH CRES, Armidale
0.29 km
3
1
-m2
Year 2024 Month 08 Day 28
$315,000
Council approved
13 McIntosh Crescent, Armidale
0.20 km
3
1
-m2
Year 2024 Month 07 Day 28
$300,000
Council approved

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Ref:3214922Last update:2024-12-14 03:52:55