4/14 Arthur Street, Richmond SA 5033

1959-built rear unit | secure gated complex | tenanted until 2027 | flood overlay present | 5min to CBD fringe This unit presents a tightly held, low-maintenance offering in an in-demand inner-ring suburb, serving as a set-and-forget investment or downsizer residence. Its competitive strength is the secured tenancy providing immediate income certainty until early 2027, appealing directly to passive investors. The configuration—two bedrooms, one bathroom, single carport—is precisely aligned with the suburb’s typical downsizer or professional tenant profile, while its position within a quiet group of 14 ensures privacy uncommon for such a central location. Proximity to the CBD, airport, and coastal strips cements its utility as a strategic city base. The primary decision factor is the flood overlay, a tangible risk that necessitates specific insurance due diligence and may impact long-term capital appreciation. The 67-year building age implies latent maintenance costs for the new owner. However, the existing tenancy at an estimated $500 per week offers a stable yield foundation. For a buyer, the commercial logic is clear: acquire for yield and hold through the tenancy term, using the period to assess the flood risk’s market impact. This is a hold-for-income property, not a short-term repositioning play. Recent comparable sales data for units in Richmond is noted, though specific prices are withheld in the provided information. Market insights indicate a median sales price is available, suggesting the price guide aligns with broader suburb trends for two-bedroom units. This reinforces that the offering is priced within the established market, not at a premium, which supports a yield-focused acquisition strategy.