4 Units, One Title, $80,860 a Year — Renovated & Ready to Roll.
**Inspections available from August 14**
Presenting a rare opportunity to secure a rental compliant, updated, fully tenanted four-unit investment on one title in the heart of Herne Hill. Over the past 12 months the current owner has invested heavily in bringing this solid brick, tiled-roof block up to and beyond rental minimum standards — meaning the hard work is done and the next owner simply steps in and reaps the rewards.
Set on approximately 841m², all four units have been freshly painted throughout and now feature open-plan kitchen and dining areas, with new flooring to the dining spaces, and generous living areas fitted with new carpet, new split-system air conditioning and new roller blinds. Bedrooms are comfortably sized with built-in robes, roller blinds and new carpet, while every unit benefits from a new gas instantaneous hot water service and new toilets. Units 2 and 3 have had their showers completely rebuilt, and Unit 2 goes a step further again with a brand-new kitchen — new cabinetry, new appliances and new vinyl flooring. New gutters and downpipes have been fitted across the whole building, and the low-maintenance gardens are professionally attended to once a month.
With all four units securely leased, the block returns a combined annual income of $80,860 — strong, dependable cash flow from day one. Beyond the current returns, the property also offers exciting scope for future value-add: there is potential (STCA) to add another dwelling in the open space at the rear, subdivide and separate the titles, then update and sell the individual units — a clear pathway for an astute investor to unlock further upside.
Photos were taken prior to tenants moving in, and a video walkthrough will be available shortly.
This is a genuinely low-maintenance, cash-flow-positive investment with all the heavy lifting already done. Now it's simply a case of holding, improving at your leisure, and watching your investment grow.
Heating & Cooling
- Air Conditioning
- Split-System Air Conditioning
- Split-System Heating
Indoor Features
- Broadband Internet Available
- Built-in Wardrobes
Floorplans
