Units 1-4/6 Stuckey Street Millicent SA 5280

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6 4 5
$320,000

Rare opportunity !!!

Units 1-4/6 Stuckey Street, Millicent
Excellent opportunity to purchase 4 flats on one title generating exceptional 7.5% rental yield. With interest rates so low the property is ready and waiting for a savvy investor.
Located on Stuckey street in Millicent it's just a short walk to the main street, supermarket shopping,post office, newsagent, Dr surgery and dentist.
The property is fully leased with good long term tenants in place.


Unit 1.
Carpeted lounge room off hall way with front porch access and r/c air conditioning. One carpeted bedroom. Eat n kitchen with vinyl flooring and electric cooking. Bathroom with vinyl tiles, shower, toilet, and basin. The laundry trough and washing machine taps are also in the bathroom. There is a rear entry into a porch/ mudroom.
This unit is currently leased at $90.00 per week.

Unit 2.
Is an open plan bedsit. There is a carpeted bedroom/lounge with separate adjacent eat in kitchen with electric cooking. The bathroom has a bath and a shower with a separate toilet and laundry.
This unit is currently leased at $105.00 per week.

Unit 3.
Fully renovated in neutral tones with bright and modern finishes. There is an open plan kitchen, dining, lounge with r/c air conditioning. The kitchen has new electric cooking, wood laminate floors and new carpets in the lounge area. Bedroom one and two also have new carpets. The tiled bathroom is fully renovated with shower,basin, and a heat light for comfort. There is a separate tiled laundry.
this unit is currently leased for $150.00 per week.

Unit 4.
Open plan kitchen, dining, lounge. Kitchen with electric cooking and vinyl flooring, the lounge is carpeted. There are two carpeted bedrooms. The bathroom has a shower, basin and the toilet. The laundry is separate. There is also a small rear lawned yard off of this unit and a carport.
This unit is currently leased for $120.00 per week.

The residences are freshly painted stone buildings with iron roofs. There is a communal lock up storage shed and undercover parking and the yard is easy care neat and enclosed.

Smart investors take note.
EXPAND…

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Last updated 05:24PM on Oct 12th 2016
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Herbert Real Estate

7 Helen Street
Mount Gambier SA, 5290

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Herbert Real Estate

7 Helen Street
Mount Gambier SA, 5290

Agent Information

More property from Herbert Real Estate
3 Old Bridge Road3 Duigan Street21445 Riddoch Highway68A Wehl Street NorthLot 3 Portland-nelson Road3 Black Swan Road
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