2 Tenth Avenue
West Moonah TAS 7009
- 7 Bed
- 4 Bath
- 10 Parks
Offers over $1,350,000
Outstanding investment opportunity: block of four versatile units
An exceptional chance to acquire a block of four well-maintained units, offering abundant parking, expansive outdoor spaces, and a current gross income of approximately $1,395 per week. With established leases to reliable, long-term residential tenants, this property is a solid 'set and forget' investment, while still presenting options for future value-adding upgrades.Constructed with low-maintenance brick veneer, tile roofing, and recently replaced double glazed windows, the units sit on a level parcel of land at a corner location, providing dual access points and a sense of privacy for all residents.
Unit breakdown:
* Unit 1: the largest in the complex, this residence features three well-proportioned bedrooms with built-in wardrobes, a spacious kitchen/dining area opening to a private balcony and sunroom with river views, a generous lounge with mountain views, and a family bathroom. Secure parking is provided by a large garage with storage/workshop space or capacity for two smaller vehicles, plus an additional off-street space. Currently leased at $425 per week to a long-term tenant of seventeen years.
* Unit 2: offers two comfortable bedrooms, a sizeable kitchen/dining area, lounge, family bathroom, and a separate laundry with access to a landscaped backyard and gardens. Outdoor amenities include a double carport. This unit is leased at $320 per week to a long-term tenant of over seventeen years
* Units 3 & 4: these mirror-image units each provide a large bedroom, a combined bathroom/laundry, and an open-plan kitchen/lounge. Unit 3 includes a small, fenced yard and two off-street car spaces, while unit 4 enjoys its own separate street access and parking for two cars. Unit three is currently leased at $350 per week and unit two at $300 per week to a long-term tenant of approximately 7 years.
Investment highlights:
* Secure and reliable long-term tenants
* Spacious, low maintenance complex with strong returns
* Opportunity for rental growth through minor upgrades
* All individually titled, providing the ease/opportunity to sell them individually
* High rental demand in the area, with shops, services, and conveniences nearby
* Ideal for investors seeking a secure, low-maintenance asset with scope for further value enhancement
This is a rare opportunity to secure a desirable and versatile investment property in a sought-after location, with solid existing returns and strong potential for future growth.
This property is available for sale either in one line or as four individual units. Contact Rose Allie to discuss further.
Features
General Features
- Property Type: Block of Units
- Bedrooms: 7
- Bathrooms: 4
- Building Size: 345sqm
- Land Size: 817sqm
- Living Areas: 4
Indoor Features
- Toilets: 4
Outdoor Features
- Garage Spaces: 2
- Open Car Spaces: 6
- Carports: 2
Can I afford 2 Tenth Avenue?
With access to the best on offer from 30 lenders and complete support and advice from pre-approval to settlement, you can trust an Elders Home Loans broker to find a quick and simple solution.
Get a Quote
Elders Real Estate Hobart
Enquire about 2 Tenth Avenue, West Moonah, TAS, 7009