Situated in the popular RIVER apartments complex, this bright and cosy apartment offers a perfect opportunity to the astute investor to add to their portfolio.
Currently tenanted and achieving a respectable 5% rental return with the addition of benefiting from low outgoing fees, 511/77 River Street presents as a low maintenance, savvy investment. Current lease expires within a few weeks, leading to further opportunity to increase the upside. Being located in the highly sought-after suburb of South Yarra and during a climate of very low vacancy rates, investors can expect steady cash flow for years to come.
The open plan living area leads to a Juliet balcony with a northern outlook, filling the space with natural light. The apartment features carpeted floors, a split system heating and cooling unit, and a galley style kitchen with stainless steel appliances, a stone benchtop, dishwasher, and gas cooking. There is a double bedroom with built-in robes and a sparkling central bathroom with ample storage. Additional amenities include wall-to-wall carpeting, internal laundry facilities, a storage cage, lift access, and a resident building manager.
Conveniently located in South Yarra, it is within walking distance of Chapel Street, Vogue Plaza shops, cafes, restaurants, public transport, and the South Yarra train station.
Contact us today to book a private inspection.
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- Price $320,000
