10/25 Comer Street, COMO
Offers from $430,000
LOCATION PERFECT, CASHFLOW POSITIVE 3 BED UNIT
Best value 3 bed unit, river side of Canning Highway.
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Leased until early January 2023 at a very healthy $480 per week.
You do the math on this one...borrow 80% of the purchase price at 3.3% over 30yrs and after Principal and Interest repayments this unit is Cash Flow Positive by more than $6,900 per year. More than enough to cover Strata levies, Council rates and Water rates.
Situated on one of Como Beach precinct's most highly sought after riverside streets and set in a leafy, small group of well maintained units is this 1st floor, 3 bedroom, 1 bathroom unit.
You'll be pleased with the spacious open plan living, dining and kitchen and separate and enclosed balcony perfect for a coffee and a magazine with a beautiful leafy outlook. The kitchen is in good condition but value could be added with a kitchen update. Similarly, the bathroom/laundry with a shower over the bath, single vanity, washing machine recess and separate toilet has great potential for adding value here too. The 3 bedrooms are all generous in size and can accommodate queen or double beds.
Enviably located riverside of Labouchere Rd it is a short walk from the Swan River, Comer Reserve at the end of the street, Preston St shops, cafs, the Cygnet Theatre, Royal Perth Golf course and the Perth Zoo while bus transport direct to the city is virtually on your doorstep.
Put this unpolished gem on your list.
Viewing is by appointment only.
Contact David Gooding from Acton Real Estate on M: 0400 755 213 for further details and inspection times.