7.5% Return, 4 Income Stream 76 Springfield Avenue, WEST MOONAH TAS 7009

Exciting Investment Opportunity: Four-Unit Block with outstanding 7.5% Rental Returns.

Built in 1952, this block of four units presents an excellent addition to your rental portfolio or a fantastic starting point.

With a combined rental income of $1,500 per week, the property offers a robust return of approximately 7.5% based on the asking price—meaning it’s essentially self-sustaining even before anticipated interest rate cuts. Prospective buyers should evaluate the return on investment based on their purchase price.

• Live in one and rent the others
• Add a Granny flat to the large rear yard (STCA)
• Potential to extend the building into the rear yard (STCA)

There are many options to maximise the potential of this outstanding investment property

Property Details:

Upper Level:
• Two-Bedroom Flat:
• Leased at $420 per week until January 2026
• Features upgraded kitchen and bathroom
• Two-Bedroom Flat:
• Leased at $380 per week until June 2025
• New double glazed windows
• Near new kitchen and bathroom upgrades

Lower Level:
• Two x One-Bedroom Flats:
• Both units are fully functional with potential for value addition through kitchen and bathroom upgrades
• leased at $370 per week until February 2025
• leased at $330 per week until July 2025

The property is centrally located, offering convenient access to various business and shopping areas, as well as being close to a public transport hub.

For additional information or to schedule an inspection, please contact Rod or Russell. Don’t miss out on this lucrative opportunity to enhance your investment portfolio!

We have obtained all information in this document from sources we believe to be reliable however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.