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This 1940's era home was long ago split into two residences providing tenants with two neat and tidy 1 bedroom, 1 bathroom living spaces - one of which has just been thoroughly renovated.
Located a short walk from the Good Intent Hotel, South Grafton Primary School, and South Grafton Pool - the home has a level fenced yard with a big, shared garage.
Unit 1 has been thoroughly renovated over the last 18 months and has a brand-new kitchen, bathroom, flooring, and paint. It has 1 big bedroom and a large flexible wrap around sunroom that could be used as extra living space.
Unit 2 has a long-term tenant who has been in place for over 5 years. It has a spacious bedroom, compact kitchen, formal lounge room and older fashioned bathroom. It uses a shared entry room at the street frontage along with its neighbouring unit.
With a flood free spot handy to so much that South Grafton has to offer you will always be able to find good long-term tenants here - the current market rental value of Unit 1 is $390 per week and Unit 2 $320 per week. If both units were returning their current market value that equates to a $710 per week total return.
Rates - $4,856 per year
Building and Pest Reports available on request.