688 Kiewa Street, Albury NSW 2640

AUD 1,255,000
For Sale

Property Details

Bedrooms

8

Bathrooms

4

Property Type

Block of Units

Description

Property Details: • Type: Block of Units

• Bedrooms: 8 • Bathrooms: 4

Description: Positioned in one of Albury's most tightly held and sought after central pockets, just a short stroll to Dean Street and the heart of the CBD, this four unit complex presents a rare opportunity to secure reliable income in an unbeatable location. Moments from shopping, leading schools, cafes, parks, and transport, the property offers outstanding convenience and long-term capital growth potential. Fully tenanted and delivering consistent returns, this is a genuine set-and-forget investment. Each unit comprises two bedrooms, a bathroom, one carport, and a storage shed, ensuring strong tenant appeal with minimal ongoing maintenance. Current rents range from $270 to $380 per week, with units varying from well-maintained originals with fresh paint and updated carpets to fully renovated turnkey units featuring modern kitchens, bathrooms, and split systems. Overall rental potential exceeds current income, reflecting the quality of improvements and recent market growth. The current rental income has room for growth, offering investors the chance to boost returns. Recent upgrades across the complex further enhance both value and rental appeal, including fresh paint, new carpets, updated kitchens and bathrooms, split system heating and cooling, and one fully renovated unit completed in May 2025 with modern fixtures, appliances, and finishes only 12 months old. With quality tenants, secure income streams, a solid, low-upkeep build, a blue-chip central location, and strong potential for rental growth, this is a rare opportunity to secure a high-performing investment in the heart of Albury. For more information, please call Michael on 0402 052 272.

Location

Address

688 Kiewa Street, Albury NSW 2640

City

Albury

Features and Finishes

None

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