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Instant Income Opportunity with Development Potential
9 Madgwick Drive, Armidale presents a distinct opportunity to acquire a source of immediate income coupled with the potential for future site expansion, all within walking distance of UNE.
Demonstrating a robust rental track record and steady income, there are two homes, each boasting 3 bedrooms, 1 bathroom and a carport and occupying approximately 1300m2 of 4015m2 parcel, leaving approx. 2,700m2 of vacant R1 zoned land. This ample land size provides the opportunity for further development, subject to council approval.
Key features of each residence include:
• Well-maintained weatherboard exterior
• Three bedrooms
• Updated kitchen
• Inviting living space
• Spacious layout with high ceilings and a wide central hallway
• NBN connectivity
• Front and rear decks
• Securely fenced yard
• Carport for parking
• Combined weekly rental income $780 per week
This offering stands out in Armidale's real estate market, representing a compelling opportunity for astute investors.
An inspection is highly recommended for those serious about seizing this unique prospect.
*All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*
Demonstrating a robust rental track record and steady income, there are two homes, each boasting 3 bedrooms, 1 bathroom and a carport and occupying approximately 1300m2 of 4015m2 parcel, leaving approx. 2,700m2 of vacant R1 zoned land. This ample land size provides the opportunity for further development, subject to council approval.
Key features of each residence include:
• Well-maintained weatherboard exterior
• Three bedrooms
• Updated kitchen
• Inviting living space
• Spacious layout with high ceilings and a wide central hallway
• NBN connectivity
• Front and rear decks
• Securely fenced yard
• Carport for parking
• Combined weekly rental income $780 per week
This offering stands out in Armidale's real estate market, representing a compelling opportunity for astute investors.
An inspection is highly recommended for those serious about seizing this unique prospect.
*All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*