1-6/109 Victoria Road Punchbowl NSW 2196

This impressive block consists of six sturdy double-brick 2-bedroom apartments, each boasting its own parking space, in-unit laundry, and private balcony. Occupying approximately 695sqm of land, this property represents a remarkable investment opportunity with significant potential for value enhancement. Its proximity to local amenities such as schools, shopping centers, and public transportation adds to its appeal. Currently, it generates an approximate income of $100,000.

Key Features:

Complete block containing six 2-bedroom units
Each unit features a balcony, internal laundry, and parking space
The interiors are well-maintained and designed for low maintenance
Presents an excellent opportunity for long-term investment or to increase value
Benefits from low vacancy rates with potential for rental increase
Conveniently located within walking distance to shops and public transport
Nearby local educational institutions and parks
A short drive away from Roselands and Bankstown Centro shopping centers
Potential rental income of $152,000
This property is on the market and will be sold!

Financial Details:

Council Rates: $1,350 per quarter approx.
Water Rates: $1070.00 plus usage per quarter approx.
Land Valuation: $1,220,000

This property is not only a sound investment but also offers the chance to capitalize on its potential, making it a must-see for serious investors.