13 Egan St, Cooma offers a secure investment opportunity in a growing market. The property is located in close proximity to the Cooma CBD and comprises 3 modern 1 bedroom units. The current owners of the complex have spent significant money in recent years to modernise the complex leaving nothing to do except benefit from the tax write off's and secure income.
The current owners have enjoyed 10 years of consistent tenancies and incomes. We are expecting strong growth throughout this region over the next 5 years with the $4 billion Snowy Hydro 2.0 infrastructure project.
FEATURES INCLUDE: * 3 x 1 bedroom units - recently renovated with spacious bedroom and open lounge / kitchen * Each unit rents for $145 per week currently - all unit tenanted. * Gross yearly income = $22,620 - Rates = $4,800 per annum - GROSS ROI = 7.6%% * Excellent tax write off opportunities