5 Bed
3 Bath
160 m² Floor
309 m² Land
This unique property offers a rare configuration of three separate units on a single title, providing an immediate and diversified income stream. Situated on an elevated section that is sun-soaked year round, the property is occupied by long-term, stable tenants—including one resident of 14 years who wishes to remain. Unit Configuration Lower Level Unit: A self-contained space featuring a compact kitchen and a versatile sunroom or home office. The layout includes a living area with a step-up into a dedicated bedroom zone. This unit enjoys a high level of privacy with its own deck overlooking the mature trees and the tiered landscape.
Top Level - Unit 1: Accessed via its own entrance, this unit features an open-concept kitchen and dining area. It includes a large multipurpose room currently utilized as a bedroom but suitable as a combined living space. The bathroom and an additional storage room are located on the lower level of this unit's footprint. Top Level - Unit 2: This unit offers a sizeable combined kitchen, dining, and living area. The kitchen is basic but functional. A hallway leads to the bathroom, which includes an integrated laundry system, and a large double bedroom. Investment Profile Current Returns: The three units combined are currently returning $750 per week. Tenant Stability: The property is managed by established tenants, offering immediate security for a hands-off investor. Value-Add Potential: While functional in its current state, there is significant scope to increase rental yield and capital value through modernising the interiors and optimising the configuration. Summary This is a distinctive residential investment suited for those looking for multiple income streams under one title. The combination of it being in a desirable area, long-term tenant history, and the potential for future refurbishment makes this a standout addition to any portfolio.
