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23 Lithgow Place, Glengarry, Invercargill City

"Invest Smart:- 4-unit property in East Glengarry

dollar

Enquiries Over $1,098,000

Unit
Unit
Bedroom
14
Bathroom
4
Floor area
490m2
Land area
1390m2
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Property details

Listing # ARZ17245 | Listed on 25 March

17-23 Lithgow East Place, presents a solid opportunity for investors seeking multiple income streams from one title.

Set on a freehold land area of approximately 1,390sqm, this property offers four two-storey units with a combined floor area of approximately 490sqm. The configuration includes , two 3-bedroom units and two 4-bedroom units, off street parking. Each unit is indidially fenced, provinging tenants with their own private backyard and added privacy , a feature that helps attract and retain long-term tenant, providing strong tenant appeal.

All units are currently tenanted , generating a combined rental income of $1,830 per week. With a asking price of Offers over $1,098,000, the property delivers a strong gross yield of approximately 7.9%.

Some interior renovation's have already been completed, with further improvements over time.

Please note; the yield quoted is a gross yield , calculated from rental income only. Expenses such as rates, insurance, and maintenance have not been deducted.

To arrange a private viewing of 17-23 Lithgow Place, please contact to make an appointment

Unit 17 (3 Beds) rental is $430,00 a week.

Unit 19 (4 Beds) rental is $490,00 a week.

Unit 21( 4 Beds) rental is $475, 00 a week.

Unit 23( 3 beds) rental is $435.00 a week.

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