3 Dwellings, Zoned R40/Mixed Business
Now here is a very rare opportunity to purchase an exceptional investment in the heart of Armadale. This is the first time this property has come on the market since it was built and it represents a unique opportunity to expand your investment portfolio.
Lets start with the basics, the property sits on 1012sqm of R40/mixed business land and comprises of 3 separate 2x1 dwellings. Each dwelling is separated by the carport and are in immaculate condition. The location is second to none, being only a couple of hundred metres from the Armadale train station and city centre.
Now for the dwellings, each 2 bedroom 1 bathroom unit is in excellent condition, with spacious bedrooms, large open planned kitchen with loads of cupboard space and free standing gas upright stove. There is also plenty of room in the lounge and the property also has loads of linen storage.
The master bedroom has is generous in size and comes complete with built in robes, the second bedroom is also comes complete with robes and is generous in its size.
The bathrooms are in great condition with shower and separate toilet. The laundry is to the side of the units and has easy access to the yard.
Each unit is currently tenanted and the total yield per year is $38480 council rates $3653 and water rates $2111. Why have your money in a volatile share market when you can enjoy the long term capital growth and solid annual return of this beauty of a property.