4/53 Carruthers Drive, Modbury North SA 5092

2-bed unit | rear position beside walking path | tenancy secured to Aug 2026 | low-maintenance living This unit presents a stable, low-effort investment, with its secured tenancy providing immediate income certainty until mid-2026. Its rear positioning adjacent to a leafy path offers a tangible lifestyle premium of privacy and connection to nature, which is competitively strong for a unit of this vintage. The configuration best serves an investor seeking a hands-off entry or a downsizer prioritizing a calm, low-maintenance environment. The primary risk is the 41-year-old building’s potential for capital calls, necessitating a review of the updated strata report. The extended tenancy, while de-risking vacancy, also delays personal occupation or rental upside. Proceed as a set-and-forget investment; the secured yield and peaceful aspect justify the position, but do not anticipate significant short-term capital growth from this profile.