FOR SALE
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2-9/24 Mittagang Road
Cooma NSW 2630

Bedrooms: 8
Bathrooms: 8
Car spaces: 8
Floor area: 440m2
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EIGHT SOLID BRICK UNITS – INVESTMENT OPPORTUNITY

A rare, strategically positioned investment opportunity is now available with this block of eight renovated and furnished brick units.
Offering excellent rental returns secured by long-term leases, this is a set and forget passive income stream with potential for future capital growth.
The Units:
- 8 x 1 Bed, 1 Bath, 1 Vehicle solid brick units, ideal for long-term tenants
- Open plan kitchen, living & dining areas and for modern convenience
- All units feature built-in wardrobes and ensuite bathrooms
- 6 dedicated car spaces and 2 garages provide ample tenant parking
- High-quality flooring including timber, vinyl, carpet, and tile
- Tenants enjoy access to a shared yard and individual clotheslines
- Private internal laundries in 5 units, with a shared strata common laundry for the remaining 3
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Property Details for 2-9/24 Mittagang Rd, Cooma

2-9/24 Mittagang Rd, Cooma is a 8 bedroom, 8 bathroom BlockOfUnits with 8 parking spaces. The property has a floor size of 440m2. The place is currently for sale with Rise Real Estate .

Building Type
BlockOfUnits
Floor Size
440m2

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About Cooma 2630

The size of Cooma is approximately 97.8 square kilometres. It has 16 parks covering nearly 4.2% of total area. The population of Cooma in 2011 was 6,664 people. By 2016 the population was 6,681 showing a population growth of 0.3% in the area during that time. The predominant age group in Cooma is 50-59 years. Households in Cooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooma work in a professional occupation. In 2011, 67.5% of the homes in Cooma were owner-occupied compared with 64.5% in 2016.

Cooma has 4,003 properties. Over the last 5 years, Houses in Cooma have seen a 79.42% increase in median value, while Units have seen a 33.12% increase. As at 30 September 2024:

  • The median value for Houses in Cooma is $502,099 while the median value for Units is $436,690.
  • Houses have a median rent of $495 while Units have a median rent of $330.
There are currently 57 properties listed for sale, and 20 properties listed for rent in Cooma on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Cooma.

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Kerrie Pollock
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