37 & 39 Horwood Road, Salisbury North, SA 5108

37 & 39 Horwood Road, Salisbury North

This is a MASSIVE opportunity for the savvy developer/ investor. On offer here is not one but TWO maisonettes returning a combined estimate rent of $500.00 per week on 934m2 (approximate) blocks respectively. Both currently leased with long term, good tenants that are looking to stay on for as long as possible.

Number 37 has 3 bedrooms with ceiling fans in ALL, separate lounge complete with gas heater. The home also features the original well maintained gas kitchen. As you enter the back yard there is an undercover verandah area and there is a separate garage/workshop as well as a small tool shed.

Number 39 has 3 bedrooms with ceiling fans in ALL, bathroom and a separate lounge and open floor plan. Outside has an attached single carport that flows into a large verandah area, a garage with roller door.

You do the math! This is an excellent opportunity to buy and sit on, and take advantage of the great return and positive cash flow allowing for increased borrowing power on your next investment. You also have the option of developing later (STCC) and build 3, 4 or even 5 dwellings.

With a 5 minute drive to the Salisbury Centre and close to every facility, this is a rare find.