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1-5/142 Barwan Street, NARRABRI NSW 2390

Sold $795,000


Block Of Units Sold - NARRABRI NSW

This is your chance to set up your future with this great investment situated in the busy agricultural and mining town of Narrabri. These 5 tidy units are fully rented out by Summit Community Services (*see note below) and they guarantee rent and repair of damage by their clients for the duration of their lease. This eliminates the need to have the property managed by an agent and you can just sit back and watch your money grow!

The 5 x 2 bedroom units provide the following:
• Weatherboard construction, freshly painted in 2019, with new roofing and plumbing.
• The living area is open-plan with floorboards or carpet throughout.
• They also have a split system for year-round comfort.
• There is a basic kitchen which has an electric oven/stove, a sink and storage.
• The older-style bathroom has a shower over the bath, sink & private toilet.
• The units have a communal outdoor laundry. Unit 5 has its own laundry and garden.
• There are 4 x parking bays with rear lane and highway access.

Additional Information:
• Current rent is $68,315 p.a. with annual CPI increases. This rent will increase to $72,800 as of 1/7/2023. This will show a yield of 8.56% to 9.1%.
• Council rates $4,524 p.a.
• Water rates approximately $250 per quarter.
• Yard maintenance – $70 per month.

We have a motivated seller, so phone Kim today for an inspection of this fabulous opportunity to obtain a great little money-spinner!!

*Summit Community Services was established in 1983 to provide low-cost housing. It now manages 60 properties.

Property Features
  • Block Of Units
  • 10 bed
  • 5 bath
  • Land is 1,012 m²
  • 5 Toilet
  • 4 Open Parking Spaces
Agent Info
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Kim Rozendaal

0407 835 207

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