Dovedale Investment DuplexCalling all investors. The last fully tenanted brick and tile duplex that we had the privilege of marketing for sale, interested buyers were lined up out the door and a deal was struck within 24 hours of being advertised. We expect another strong competitive turn out for this one so make sure you act promptly.
Set on 632m2 of flat land with a solid brick construction and in a popular Dovedale location on the northern side of Grafton, this two bedroom by two duplex is currently returning $490 per week in rent.
The kitchen and bathroom in both units are in original condition however this could present an opportunity if you were equipped with the right set of skills to improve both and in turn increase your rental yield to reflect the improvements.
However you could just as easily leave the arrangement with the tenants as is. The cash flow is currently in place so you don't necessarily need to do anything immediately.
Both units have a single lock up garage, storage space, internal laundry's plus 52b benefits from a downstairs rumpus room.
Towards the river end of Dobie Street, the location is a safe bet for long term prosperity. Set amongst other quality homes built of a similar vintage in a tree lined street this duplex has all the right things in all the right places to be an excellent long term residential investment addition.
With strong rental market conditions in our region that are not expected to ease at any time in the near future, if you are in the market for a new rental you should add this duplex to your viewing list.
Inspections are by appointment. Contact Tyler Marsh on 0487 422 229.
Disclaimer: Whilst all information as described is from sources we believe to be reliable and accurate, we cannot guarantee its accuracy. Interested parties are strongly advised to carry out their own due diligence.