NEW PRICE $299,950

13 Egan Street,Cooma NSW 2630

House33
Block size: 800 m² approx.

WELL PERFORMING UNIT COMPLEX

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
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Inspections

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Block map

Block Map

Key Details

Property Type:House
Lot:1
Plan Type:DP
Plan:792717
Block Size:800 (approx)
Stamp Duty:$8,640

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Fergusson Real Estate & Property

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            Cooma Suburb Information

            Median Sale Price For Cooma
            $310,000
            Average Age
            43 years
            Population
            6,664
            Cooma Profile
            Cooma Occupancy

            Contact agents

            Fergusson Real Estate & Property

            Fergusson Real Estate & Property

            View agency details
            Shannon FergussonFergusson Real Estate & Property
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            This listing has been viewed 1070 times. It was first displayed on 31/08/18 and last updated on 20/08/19.