1 Mill StreetRiverton SA 5412
Property Details for 1 Mill St, Riverton
1 Mill St, Riverton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1369m2 and floor size of 256m2.
Last Listing description (May 2013)
Attention Investors!! 5 x 2 Bedroom Units on One Title.
An awesome investment opportunity to add to your portfolio - 5 lots of rent and 1 lot of council rates! These units are all leased to long term tenants (mostly an older demographic) and some have been in place for many years. You will be positively geared here with scope to modernise if you wish.
It is an L-shaped group of 5 with a 4 bay carport on the corner, and Unit 5 has a carport in their own yard. Each unit has a picket front fence with a good size front yard and a rear courtyard, and there is a communal garden/orchard area which is currently under utilized.
Unit 5 has an exceptional garden at the loving hands of its long term occupier, and I have used her photos, but all units have the same layout, some are just a mirror image, and Unit 5 has more covered entertaining and garden area (mostly at her own expense).
The current combined rent on the properties is $660 per week, making this a very sound investment.
All maintenance issues are attended to immediately, and all rents are up to date.
Call Vicki Chamings on 0417812254 to secure before it is too late.
Additional feature/s - Property condition: Fair.
Property History for 1 Mill St, Riverton, SA 5412
- 17 Apr 2013Listed for Sale $430,000 - $450,000
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0About Riverton 5412
The size of Riverton is approximately 154 square kilometres. It has 8 parks covering nearly 0.3% of total area. The population of Riverton in 2011 was 1,213 people. By 2016 the population was 1,036 showing a population decline of 14.6% in the area during that time. The predominant age group in Riverton is 60-69 years. Households in Riverton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverton work in a managers occupation. In 2011, 74.6% of the homes in Riverton were owner-occupied compared with 69.8% in 2016.
Riverton has 773 properties. Over the last 5 years, Houses in Riverton have seen a 59.95% increase in median value. As at 31 August 2024:
- The median value for Houses in Riverton is $375,064 while the median value for Units is $245,021.
- Houses have a median rent of $258.
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