QLD - 9% Return Opportunity With Block of 4 Units on Large Block
ROCKHAMPTON
$497,000 Negotiable
QLD - 9% Return Opportunity With Block of 4 Units on Large Block
- Bedrooms
- 8
- Bathrooms
- 4
- Property ID
- 3987832
Choices, choices, choices! If you want a property with choices this one has a few.
Enjoy great cash-flow from this block of 4 x 2br flats on 1700m2 L-shaped land on two titles.
Rent is $650/week combined however this is below market rents, one unit has just been increased from $160pw to $170 pw and the rest are due to do the same as rental reviews are completed.
After a cosmetic cleanup the returns can be significantly improved. Average rents for this type of property in Rockhampton are $200 - $210 per week per unit. $840 per week is equivalent to a 9% return. Imagine what the return will be as the years tick on.
This property suits many investment strategies. Increase your cashflow, grow your equity or buy develop and sell off both or keep one for yourself. The options are endless.
The 4 x 2 bedroom units are an excellent money spinner with rents climbing nicely over the years. As a new owner you will also be positioned to enjoy the capital growth from this growing city.
The flats could do with new bathrooms and kitchens, which is how your rents could easily be improved. Even in the current condition there are always tenants to rent this property in this popular location.
Why not call to explore the opportunities and choices this property gives you with all that potential and multiple rental income.
| Property ID |
3987832 |
| Bedrooms |
8 |
| Bathrooms |
4 |
| Air Conditioning |
Yes in each flat |
| Land Size |
1700 Square Mtr approx. |
