1/24 Willow St, Kooringal is a 6 bedroom, 6 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 736m2.
Positioned in a highly sought after Kooringal location, this solid two-storey brick complex presents a rare opportunity to secure an established multi residential investment within easy reach of Kooringal Shopping Centre, schools, public transport and Wagga Wagga's CBD.
Comprising six self contained one bedroom units, the property offers a diversified rental income stream with each unit featuring its own separate access, lounge room, kitchen, reverse cycle heating and cooling, generous bedroom with built in robe and bathroom conveniently accessed from the bedroom. Three of the upper level units also enjoy private balconies, and residents also have access to a shared common laundry.
The property is currently leased and provides an attractive income base, while offering scope for future improvements and the potential to further enhance both rental returns and overall value.
With its existing rental income and practical location, this property is worthy of consideration by investors looking to add a multi residential property to their portfolio.
The size of Kooringal is approximately 4.8 square kilometres. There are 6 parks, covering nearly 7.2% of the total area. The population of Kooringal in 2016 was 7227 people. By 2021 the population was 7404 showing a population growth of 2.4% in the area during that time. The predominant age group in Kooringal is 20-29 years. Households in Kooringal are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kooringal work in a professional occupation.In 2021, 61.40% of the homes in Kooringal were owner-occupied compared with 59.70% in 2016.
Kooringal has 3,623 properties. Over the last 5 years, Houses in Kooringal have seen a 96.26% increase in median value, while Units have seen a 98.67% increase. As at 31 July 2026:
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