4/65 Melba Street Downer 2602 ACT
Positive cash flow investment!
SOLD by One Agency Kippax
This well-kept unit presents a unique opportunity for investors: it's set behind established gardens in a highly sought-after area, but doesn't carry the usual Inner North price tag.
Prospective tenants looking for an attractive, cosy space will appreciate the large bedroom, open living area filled with natural light, neat kitchen, storage areas and clean white walls throughout.
This secure, ground-floor unit in a complex of just 8, will suit professionals or university students who recognise that this unit in the quiet section of Melba Street is an ideal base for commuting around the city, since the area is peppered with bus stops and is close to major arteries like Northbourne Avenue. It's right near ovals, schools, restaurants, fitness centres, nature reserves, and the Downer streets famous for their deciduous trees that turn stunning colours in autumn. The popular Dickson Shops are just a walk away, and the city centre is only minutes down the road.
This apartment will take full advantage of the light rail, with two stops within a 10 minute walk.
Currently returning a 5.74% rental yield (gross) with further potential, can you afford not to buy this?
• Rates $1415.14pa
• Water Rates $640pa
• Land Tax $1707.84pa
• Body corporate fees $2591.20pa
• Vacant possession
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Real Estate For Sale in Downer, ACT 2602 priced between $170,000 and $310,000