511/77 River Street
South Yarra VIC 3141
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.
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- Price $320,000