Phone enquiries - please quote property ID 09948. KAROONDA – MONEY IN YOUR POCKET INVESTMENT. This 3 bedroom solid concrete home which is an ex railways house, is currently rented to long term tenants. The lease expires towards the end of the year, however they are prepared (and would love to) stay on if possible. – Current Rental is $128.00p.w.There is a new sand mining company setting up just 15-20kms away, and this will increase the need for rental properties for the new recruits. So there is good potential for more rent down the track. The population of Karoonda is around 1,000 and the town is well serviced for shopping and alike. You would go to Murray Bridge for any major necessities.There is also a new separate shed (approximately 20 sqm) for storage.