1 Cottonwood Way, Waurn Ponds, Vic 3216

This 5 bedroom modern brick home comes fully furnished and is currently being utilized as student accommodation, returning $42,000PA (approx.). Classed as 1B property with all the relevant council permits and approvals. There are 5 individual lease agreements for each bedroom and each room is contracted until 14th of February 2015. The centrally located kitchen has a large island bench, gas cooking, dishwasher and open plan dining. Adjoining this area is a 2nd living room with sliding door opening onto a private courtyard. 2 full sized bathrooms service the home along with ducted heating. Outside you will be greeted by a large undercover alfresco with BBQ and outdoor furniture included. The garden has been fully weed matted and crushed rock requiring minimal maintenance. There is a large double garage providing off street parking. The hard work has been done and opportunities like this don't present themselves very often to sit back and reap the rewards for a cash positive investment at around the 7% return mark. Inspect Now.