Block of Units Sold - NSW - Grafton - 2460 - TWO TOWNHOUSES, NO STRATA FEES (Image 2)

81 Kent Street Grafton NSW 2460

Sold $650,000

4 4 2

Property Type Block of Units
Land area approx 755.00sqm
Region Northern Rivers
Locality Clarence Valley
Garages 2

Tags: Fenced

TWO TOWNHOUSES, NO STRATA FEES

These 2 x 2 bed, 2 bath brick townhouses are constructed in solid brick and tile and have been an excellent rental investment for their owners for nearly 25 years.

Now looking forward to their retirement this duplex must now be sold and future owners can look forward to continuing capital appreciation and growing rental values.

Arranged as 2 beds, 1 bath upstairs with kitchen and rear balconies, the homes each have a large downstairs rumpus, extra long garage and handy extra shower & toilet on the ground floor. There is one Torrens title so there is no body corporate or strata fees.

The back unit has a big fenced yard suitable for children or pets to run around in.

Improvements include upgrades over the years to kitchens and bathrooms, flooring and paintwork.

The existing two tenants are both long term and keen to stay after their current leases expire in July 2025. Current market values are $425 per week per unit.

RATES: $5250 per year (2025)
INSURANCE: $3500 per year (estimate)