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Overview
1, 2 & 3/428 Walnut Avenue, Mildura
This unique offering presents three distinct opportunities within a single address, accommodating investors interested in immediate rental income, future growth, or the acquisition of multiple properties simultaneously. The complex contains three separate brick units, each designed with a practical focus on low-maintenance and functionality.
Located just minutes from the heart of Mildura, including Mildura Central shopping center and various essential amenities, this property is ideally positioned for convenience and access. Each unit offers two bedrooms and one bathroom, tailored to meet the needs of tenants or owner-occupiers seeking a manageable living space.
Features found throughout the units include dedicated car spaces, evaporative cooling systems to enhance comfort during warmer months, and electric cooking facilities for efficient meal preparation. Ownership is simplified due to the inactive status of the Owners Corporation, reducing ongoing administrative responsibilities for current and future owners.
Unit 1 currently stands vacant, providing immediate availability for either occupancy or tenancy under the owner's choice, while Units 2 and 3 are both actively leased at $375 per week each. Unit 2 benefits from a private paved courtyard that requires minimal maintenance, providing outdoor living space with easy upkeep. Unit 3 features a grassed rear yard, appealing to renters who desire additional outdoor green space.
Annual council and water rates for each unit remain modest, not exceeding approximately $3,000, contributing to the overall affordability and appeal of this investment. Whether the buyer seeks to purchase a single unit or the entire complex, this property presents flexible options to build or diversify a portfolio with strong rental potential in a convenient location.
This versatile investment opportunity is ideal for those looking to enter the Mildura property market with an asset designed for ease of management, rental appeal, and future growth possibilities. The multiple-unit setup also allows for varied investment strategies, catering to investors' differing goals and budgets.
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
Mildura VIC 3500
Market Insights for Mildura VIC 3500
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