201 Maitland Street, Narrabri NSW 2390

Property Details: • Type: House

• Bedrooms: 7 • Bathrooms: 7

Description: An exceptional opportunity to acquire a profitable multi-unit residential complex on the northern fringe of the Narrabri CBD just one block from Woolworths and two blocks from the main shopping district. This well-maintained property offers a strong rental history, solid late-1980s construction by a respected local builder, and long-term tenancies all within easy walking distance to key town amenities. Property Highlights: - Seven (7) x 1-bedroom units - Bedrooms with built-in wardrobes & ceiling fans - Open-plan lounge and dining areas - Functional kitchens with upright oven/stove, sink & cabinetry - Combined bathroom/laundry with shower, toilet, vanity & washtub - Wall-mounted air-conditioning units - Electric hot water systems - Double carport providing ample off-street parking - Two (2) clotheslines & gravel driveway with drive-through access - Durable construction: HardiePlank cladding, timber floors & Colorbond roof Tenancy & Income: - Current total rent: $1,305 per week | $67,860 per annum - Proposed rent (after reviews): $1,540 per week | $80,080 per annum - Gross returns: approx. 7.5% (current) and 8.8% (proposed) - Long-term tenants in place, including one of 26 years, reflecting outstanding tenancy stability With immediate income and clear potential for rental growth, this complex represents a standout, low-maintenance investment in one of Narrabri's most convenient and tightly held locations. Don't miss this high-yield investment call Hennessy Real Estate on (02) 6792 5566 to book your inspection now.