Unit 1 & 2, 4 Portland Street present an outstanding investment opportunity, offering immediate income with the added bonus of future flexibility to convert back into a spacious four-bedroom, two-bathroom home if desired.
Both units benefit from a new roof over the entire property, providing valuable peace of mind for investors. The dwellings are presented in solid, functional condition and offer excellent scope for future enhancement if desired.
Unit 1 features a welcoming entry into a dining area with linoleum flooring, flowing through to an open plan kitchen, dining, and lounge space with timber floors. Comfort is assured with slow combustion heating and a ceiling fan in the lounge. The kitchen is well equipped with an electric stove, gas cooktop, cream cabinetry, island bench, and excellent storage and bench space. Both bedrooms are generously sized and carpeted, while the bathroom includes a shower over bath with the toilet incorporated. A single garage under the main roof offers secure parking for a small vehicle, with internal access.
Unit 2 offers a functional open plan kitchen, meals, and lounge area with linoleum flooring and an electric stove. Heating is provided by gas heating. Both bedrooms are well sized and carpeted. The bathroom includes a shower and vanity, with a separate toilet located within the spacious laundry. Outside, Unit 2 enjoys the added benefit of a private backyard and screen door access.
Currently leased at $185 per week for Unit 1 and $180 per week for Unit 2, the property provides a combined rental return of $365 per week, delivering a solid and reliable income stream.
Importantly, the layout allows for easy conversion back into a substantial four-bedroom, two-bathroom residence, making this a versatile opportunity for investors or future owner-occupiers alike.
A flexible, income-producing property with future upside in an amazing location. Opportunities like this are hard to find and quick to sell!! Contact Jo O’Connor today on 0429 854 910 to arrange your inspection.
Disclaimer:
While every effort has been made to ensure the accuracy of the information contained herein, PPHS makes no representation or warranty as to its accuracy, reliability or completeness. Interested parties should conduct their own independent investigations and seek appropriate professional advice. PPHS accepts no liability for any loss arising from reliance on this information.
