186 Russell Street, Newtown, Qld 4350

186 Russell Street, Newtown presents a high-performing investment opportunity in a prime, amenity-rich location close to cafes, parks, everyday essentials, and walking distance to the CBD.

This renovated triplex comprises three well-designed units, including a spacious three-bedroom residence with two car spaces, plus two additional two-bedroom units, each including single car accommodation.

Currently generating a combined rental return of $1,405 per week, the property delivers immediate, reliable income with quality tenants already in place.

An ideal addition for investors seeking strong cash flow, multiple income streams, and a proven asset in a consistently sought-after location.

Features include:
• All bedrooms are carpeted and include fans and built-in wardrobes
• Split-System air-conditioning installed in all 3 units
• Units 1 & 2 offer tiled flooring, while unit 3 has modern hybrid flooring
• Private courtyards for each separate unit
• On a generous 1,012m² lot
• Unit 3 has a large backyard

Additional information:
General Rates: $2,855.43 net per half year approx.
Water Access Charge: $377.40 net per half year approx.
Current Rent: Unit 1 - $460 per week, Unit 2 - $465 per week, & Unit 3 - $480 per week.
Rented until September 2026

Inspect by private appointment!

Please note: Austin Brookman Property's representatives have relied on information provided by others and made all reasonable efforts to ensure its accuracy. However, prospective buyers should conduct their own enquiries to verify all details.

Type

Block Of Units

Bedrooms

7

Bathrooms

3

Parkings

4

Area

1,012 m²