CASH COW! 8.1% GROSS RETURN!!
Great opportunity for the investor or extended family, with three dwellings on one block. Combined current rent is $660/w, and opportunity to add value!
Building 1 facing Thirtheen Ave
- Weatherboard "duplex" setup, 2x 1 bed, 1 bath units with carports. Each currently rented at $200/w
Building 2 facing Second Ave
- Concrete 3 bedroom, 1 bathroom house, front yard parking. Currently rented at $260/w
Air conditioned with a mix of evaporative coolers & modern window A/Cs.
Individual power meters, shared water.
Some other updated have been done, with plenty of further scope to improve.
Potential to strata title to resell individually or add another dwelling (Subject to council consent)
Call Joe Farr to find out more about the great opportunity.
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