Triple Income, Capital City, Renovation Potential
Property ID: 17055625
Purchase Price $450K
Estimated Renovation Cost $70K
Estimated Rent On Completion $600 per week
Estimated Yield 6%
Walk score of 90
Triplex on 1 title (cannot be strata titled) in a Capital City CBD location. Due for a renovation there is an opportunity to add value and increase your rental return to provide a positive cash flow.
Being within walking distance to many of the city's large employers, these 3 one bedroom units are ideally located to suit many of the local workforce.
Walking distance to;
* 4 Schools;
* Woolworths Supermarket;
* A selection of Parks:
* Dozens of Restaurants;
* A large selection of Coffee Shops:
* Bus Stop.
Other facilities nearby include;
3 additional Woolworths + 2 Coles;
2 additional Hospitals;
Unit 1 $145 per week (52m2)
Unit 2 $135 per week (52m2)
Unit 3 $150 per week (49m2)
Each unit has 1 bedroom and 1 bathroom. Unit 1 & 3 have separate living areas while unit 2 is a bedsit style. You could easily add a wall to add an extra room. Budget on at least $20K for renovations on each unit.
The estimated value of the land is $350K+
For further details call Matthew Barnes on 0430 979 900.