This character style 4-unit quadplex offers both charm and convenience, located just 3 blocks from the heart of the CBD. Perfect for investors seeking solid returns in a respectable neighbourhood! The property has excellent vacancy rates over its lifetime being fully let to long-term tenants the last 5 years. Armidale as a city has excellent investment potential and is ranked highly for regional growth in NSW.
Key Features:
- Character weatherboard construction with plenty of charm
- Self-contained units - each with its own kitchen, living area, and single bedroom
- 2 units independently detached and 2 adjoined by common hallway in main house
- Strong rental return of $860 per week across all units
- Walk to shops, parks, and schools in just minutes
- 3 blocks from the Central Business District - easy access to work and shopping
- Potential for renovations and upgrades to each unit to advance returns
- Whether you're adding to your portfolio or looking for a versatile property with great income potential, this quadplex is a fantastic opportunity in a convenient location.
An excellent investment opportunity with long term tenants, for further details contact Tim Randell on 0401 178 786.
*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*