David Paladino and Jeremy Marrollo of National Realty Port Adelaide are excited to present to market, units 1-6 of 31 Bishop Street Renown Park which offers a rare investment opportunity only moments from the Adelaide CBD! Set on a generous 700m2 Torrens Titled Allotment this complex presents the perfect opportunity for those wishing to secure a rare and long-term investment where they can truly set and forget. Presently comprising of 6 updated 1-bedroom units, Units 3 & 6 at the rear present additional opportunity to be converted into two bedrooms to further enhance your prospective investment return. Currently generating an annual return of $90,480.00, this is divided amongst long term tenants broken down as: - Unit 1: $300.00 per week - Fixed Until October 2025 - Unit 2: $320.00 per week - Fixed until July 2025 - Unit 3: $330.00 per week - Fixed until October 2025 - Unit 4: $300.00 per week - Fixed until February 2025 - Unit 5: $250.00 per week - Periodic - Unit 6: $240.00 per week - Periodic Key Features Of This Unit Block Includes: - Updated Units - Each unit has had their bathrooms and kitchens updated - Split System Air-Conditioning - Each Unit Features their own split system Air-conditioner - Private Courtyard - Each Unit Features their own private front courtyard - Long-Term Tenants: All units are fully rented with long-term tenants , ensuring steady and reliable rental income - New Hot Water Systems - Each Unit has had a new Hot Water System installed within the past 18 months - Parking - Each Unit has an allocated parking space - Only 6km to the Adelaide CBD - No STRATA applicable Whether a First-time investment or as an addition to your investment portfolio, this is a city fringe opportunity not to be missed. Contact David Paladino on 0421 649 255 or Jeremy Marrollo on 0435 882 333 to secure this fantastic opportunity. Specifications: CT / 5652/231 Council / City of Charles Sturt Built / 1968 Land / 700 m2 Council Rates / $1,298 PA ESL / $ 216 PA