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Overview
12 Griffith Street, Wodonga, VIC, 3690
This property is a centrally positioned 5-unit block located close to the vibrant CBD of Wodonga, offering an excellent investment opportunity with strong rental yields. The property comprises five well-sized units on a single title, each featuring durable timber floorboards and an oversized reverse-cycle air conditioning system, complemented by fresh paintwork both inside and out. The property benefits from separate power meters for each unit and a single water meter for the entire block.
Recent upgrades include a new roof and the installation of double-glazed windows in 2023, enhancing energy efficiency and comfort throughout the property.
- Unit 1 features two bedrooms, updated kitchen counters, an updated bathroom, and a separate laundry. It is currently rented for $410 per week until March 2027.
- Unit 2 offers one bedroom, a fully updated kitchen with a dishwasher and new appliances, and an updated bathroom. It is rented for $390 per week until October 2026.
- Unit 3 includes one bedroom, updated kitchen counters, an updated bathroom, and a separate laundry. It is rented for $400 per week until February 2027.
- Unit 4 has one bedroom, a fully updated kitchen with a dishwasher and new appliances, and an updated bathroom with a European laundry. It is rented for $360 per week until November 2026.
- Unit 5 features a fully updated kitchen with a dishwasher and new appliances, and an updated bathroom with a European laundry. It is rented for $400 per week until September 2026.
The property generates a total rental income of $1,950 per week, reflecting strong yields. Additional amenities include a communal laundry and storage area at the rear, a small grassy outdoor space, and accommodation for five cars.
Council rates are approximately $326 per quarter per unit, and water rates are $137.17 per quarter plus usage charges.
This investment offers a passport to prosperity with its sought-after location, solid rental returns, and recent improvements, making it an attractive option for investors seeking a well-maintained multi-unit property in a convenient location.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Wodonga VIC 3690
Market Insights for Wodonga VIC 3690
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