Investors take note - $295000

Description

Presently utilised as three individual residential flats, this property has an excellent address being located high on the hill in Rudder Street, East Kempsey, just up the hill from Chaddies and only a 6 minute walk to central Kempsey. Providing a very reliable income for the owner, basically you would just sit back and let the money flow into your account. Because it is well located - over the years it has been relatively easy to find tenants, which is always an appealing feature of an investment property. Originally constructed as a stylish residence it has been suggested it could again be a "stand out" property if the owners decided to turn back the hands of time and make it a single residence again. After changing it back to a residence and establishment of gardens it could be a beacon in a very highly regarded neighbourhood and, as the site is large (approximately 966 square metres) it isn't out of the question for the owner to start from scratch - Either to build a more modern residence or to construct units.