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GUIDE $1,200,000 - $1,300,000

1-7/4 Tumut Street, Cooma NSW 2630

Other147
Block size: 5059 m² approx.

SECURE, HIGH INCOME LOW INPUT INVESTMENT

Immaculately presented, this freehold double brick residential unit complex not only offers a secure opportunity in Cooma's strong rental market but also strong future growth on current rental returns.  

The complex has proven to be a strong returning investment for the current family who built the complex from the ground up but is time for them to put their feet up.

Returning 6% - 6.5% gross on the advertised guide, this property offers a very unique opportunity in this day and age where investment returns at these levels are rare. With the national significant Infrastructure projects occurring throughout the Snowy Mountains we see this an investment with major upside going forward.

Features Include:
* 7 x 2 bedroom units, bedrooms are very large with built-ins
* Large open plan kitchen/dining and lounge room with RC/AC in each unit
* Each unit has it's own outdoor laundry & undercover carport
* All 7 units are currently tenanted with the majority being long term
* Located in a quiet cul-de-sac street within close proximity to Cooma's cbd.

The long term owners have impeccably maintained this complex providing an investment with minimal ongoing maintenance costs.



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Key Details

Property Type:Other
Block Size:5059 (approx)
Stamp Duty:$51,302

Past sales information

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Fergusson Real Estate & Property

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Block information
Block size: 5059 (approx)
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            Cooma Suburb Information

            Median Sale Price For Cooma
            $290,000
            Average Age
            46 years
            Population
            6,681
            Cooma's Property Profile
            Cooma's Occupancy

            Contact agents

            Fergusson Real Estate & Property

            Fergusson Real Estate & Property

            View agency details
            Shannon FergussonFergusson Real Estate & Property
            Tina BakerFergusson Real Estate & Property
            Please send me information on 1-7/4 Tumut Street, Cooma NSW 2630
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            More sales listings from Shannon Fergusson

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            Listing ID: 178145173. This listing has been viewed 187 times. It was first displayed on 31/03/20 and last updated on 27/05/20.