408/591-593 Elizabeth Street, Melbourne, Vic 3000

Offers between $130,000 to 146,000.

This secure investment is cash flow positive after all expenses, with a depreciation schedule available. Gross income of $11,882.50 and total out goings of $3370.12. Catering mainly to overseas students, this property has an absolute minimum vacancy rate. A one bedroom apartment, boasting a sensational location right in the heart of the city, walking distance to Universities, Cafes and a tram at your front door. If you want to purchase an investment property, but not have to change your life style, then this property is for you!