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Four Income Streams. Subdivision Work Underway. A Rare Opportunity to Act Now
Lake Albert
· 7 Bedrooms · 4 Baths · Flat
Lake Albert · 7 Bedrooms · 4 Baths · Flat
38 Raye Street presents a compelling opportunity to secure four income-producing units in a sought-after Wagga Wagga location, with subdivision work already commenced and limited remaining steps required to complete the process, subject to council approval and buyer verification. Rather than starting from a blank DA or an undeveloped concept, purchasers are stepping into an opportunity where the four existing units are already generating rental income, while the pathway towards strata subdivision has progressed. This provides greater flexibility for an investor looking to hold, refinance, or potentially sell individual units separately in the future, subject to the relevant approvals and requirements. The property comprises three well maintained two-bedroom, one-bathroom units plus a one-bedroom, one-bathroom residence. All four units are currently tenanted, with leases ranging from $320 to $340 per week, providing an immediate and consistent income stream from settlement. Each residen
38 Raye Street presents a compelling opportunity to secure four income-producing units in a sought-after Wagga Wagga location, with subdivision work already commenced and limited remaining steps required to complete the process, subject to council approval and buyer verification. Rather than starting from a blank DA or an undeveloped concept, purchasers are stepping into an opportunity where the four existing units are already generating rental income, while the pathway towards strata subdivision has progressed. This provides greater flexibility for an investor looking to hold, refinance, or potentially sell individual units separately in the future, subject to the relevant approvals and requirements. The property comprises three well maintained two-bedroom, one-bathroom units plus a one-bedroom, one-bathroom residence. All four units are currently tenanted, with leases ranging from $320 to $340 per week, providing an immediate and consistent income stream from settlement. Each residen
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