One Chance To Secure a Gold Mine!
Property ID: 20091339
Purchase Price $665K
Gross Yield 8.9%
Cash flow is the name of the game and these 4x 1 Bedroom units certainly provide plenty of that.
The property is on a single title with an opportunity to possibly develop in the future. In the meantime the positive gearing provides a rock solid return.
Located in a central part of the suburb with all 4 tenants on new leases and depreciation to continue for many years yet, this residential set of units are waiting to be snapped up.
Rental Incomes are as follows:
Unit 1 - $250pw
Unit 2 - $240pw
Unit 3 - $200pw
Unit 4 - $1825pm ($456.25pw)
* 4x 1 bedroom units on one title
* Carport spot for each unit
* Great condition units with tidy maintained interiors
* Over $225.00 per week positively geared
* 1 Bedroom, 1 bathroom
* Air Conditioning to all units
The suburb is picking up momentum well and over the past 3 years, and the Demand to Supply ratio has increased from around 30 to almost 70 during the middle period of 2018.
This combined with the high percentage of renters offers investors the chance to purchase a property set to continue capital growth. Current rates sustained would mean over a 12% increase this year alone.
Please call Deren Usta on 0430 979 900 for more information including: Cash flow analysis, property photos and location details.