$350,000
6 Bed • 3 Bath • 3 Car • 899m²
New
Sold
Sold
253 Maitland Rd, Cessnock NSW 2325
$350,000
- 6Bed
- 3Bath
- 3 Car
- 899m²
House Sold on Sun 3 May, 2020
What's around Maitland Rd
House description
“Rare Investment Opportunity”
Are you looking for a great investment opportunity? Well this rare opportunity offers not one, not two but four total income streams from one property. The property features a combined total possible rent return of $725 per week which is made up of three separate units and a storage shed - 3 of which are currently tenanted.
These flats are situated on a R3 medium density large 899sqm block corner block and conveniently located just minutes from the CBD, making this the perfect location for this style of investment. An opportunity such as this does not come around often and will not last long.
Flat 1
Features 2 bedrooms, good sized lounge room that opens onto the shared veranda, functional kitchen and bathroom. Returning $210 per week.
Flat 2
Features 2 good sized bedrooms, neat and tidy kitchen and bathroom with 2 verandas. Currently vacant with possible return of $220 per week.
Flat 3
Features 2 good sized bedrooms, large lounge room, separate dining room, nice timber kitchen and a tidy bathroom. Returning $220 per week.
Storage shed
Double sized garage currently rented as storage shed. Returning $75 per week.
2017/18 Financial Year Returns
- Gross = $29,533.03
- Outgoings = $9,369.07
- Net = $20163.96
T&Cs Apply
(Please note the above gross and net return figures are based on the 2017/18 financial year. Every effort has been taken to ensure their accuracy. Funding cost or other associate owner cost (such as land tax) have not been taken into account when calculating these figures.)
To find out more about this exciting opportunity, contact Bryce Gibson on 0422 227 668 or Mellissa on 02 4050 6000.
Building details
Land details
What's around Maitland Rd
Contact the real estate agent
Bryce Gibson
LJ Hooker - Cessnock
Send an enquiry
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