Rental Investment with Redevelopment Upside!

This unique three-unit property, situated on a single title in a tranquil cul-de-sac, presents a fantastic investment opportunity. Offering a strong return and potential for future value enhancement, it's ideal as a turnkey retirement plan or portfolio addition. Its prime location provides convenient access to transport and top-rated schools and Wollongong University.

Features:
- Land size - 802sqm.
- 1 X 1 bedroom flat, 1 X 2 bedroom flat, 1 X 3 bedroom flat.
- Each residence containing lounge/dining area, kitchen, and bathroom.
- Returning $62,400 per annum.
- 1.9klm to Wollongong Hospital, 2.0klm to University of Wollongong, 2.6klm to Wollongong CBD.
- Large rear yard gradually sloping to the street.

The Important Numbers:
Council Rates: $839.48 per quarter
Water Rates: $507.09 per quarter



*This advertising has been prepared by MMJ Real Estate (MMJ) for the purpose of advertising and general information only. MMJ do not guarantee, represent, or warrant that the information contained in this advertising is correct. Any interested party should undertake their own inquiries as to the accuracy of the information published