5-8/18-20 Kerwan Street
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About this property
Positioned in a well-established area of Cooma, this block of four strata titled units presents an outstanding investment opportunity with strong returns and reliable income already in place. With all units currently leased through Housing on individual tenancy agreements, the property generates a combined rental income of $1,540 per week, delivering immediate cash flow from day one. Offering a mix of one, two and three-bedroom configurations, the complex caters to a broad tenant base while providing flexibility and long-term appeal. All bedrooms feature built-in wardrobes, and several units have benefited from kitchen and bathroom updates, enhancing both tenant comfort and rental appeal. With proven occupancy, multiple income streams and low vacancy risk often associated with multi-unit investments, this is a rare chance to secure a high-performing asset in the growing Cooma market. Property Features - Block of 4 strata titled units - Returning $1,540 per week - Mix of 1, 2 and 3-bedroom units - Built-in wardrobes in all bedrooms - Updated kitchens in selected units - Updated bathrooms in selected units - Strong rental history and investment appeal - Low-maintenance residential complex - Convenient location close to local amenities and services - Immediate income stream with tenancies in place Disclaimer: All information regarding this property is from sources we believe to be accurate, however, we cannot guarantee its accuracy. Interested persons should make and rely on their own enquiries in relation to inclusions, figures, measurements, dimensions, layout, furniture, and descriptions.
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Bedrooms
- 9
- Bathrooms
- 4
- Parking
- 4
- Listed
- 3 weeks ago
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Neighbourhood
Living in Cooma
This 9-bedroom land in Cooma, NSW 2630 sits within reach of public transport, local shops and nearby schools. It is listed 88% above the $637,500 median of 65 comparable landswithin 5 km.
Schools near Cooma
- The Alpine Schoolcombined · K-11 · CoEd
- Cooma Public Schoolprimary · K-6 · CoEd
- St Patrick's Parish School, Primary Campusprimary
- The Alpine School Secondary Campussecondary
What's nearby
- Creek St before Kerwan St (bus) — 330 m away
- Derek Courtis Jewellery — 1.1 km away
- Baroona Avenue Park — 1.8 km away
- Unnamed — 2.0 km away
- Cooma North Shopping Centre Park — 2.2 km away
Cooma at a glance
Full suburb profile- Population
- 6,715
- Median age
- 44
- Household income
- $1,374/wk
- Median rent
- $290/wk
- Median mortgage
- $1,300/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Cooma price trend
Median sold · House 3 bed
Compound growth +3.5% / yr over 4 yrs
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Full Cooma marketThis listing
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Price history
Listing price changes
1 price change recorded for this property
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