FOR SALE
For Sale

50 Mount Mitchell Street
Park Ridge QLD 4125

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Land area: 390m2
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Maximize Your Returns with this Dual-Key Property!

Looking for an exceptional investment opportunity that promises high returns and flexibility? Look no further! Our dual-key property at 50 Mount Mitchell St, Park Ridge is the perfect investment for savvy investors seeking both rental income and capital appreciation.
Nestled in the heart of Park Ridge, our property is strategically located close to essential amenities such as schools, shopping centres, healthcare facilities, and public transport, ensuring high demand from tenants. What sets our property apart is its innovative dual-key design. With separate entrances and living spaces, this property offers unparalleled flexibility. You can rent out both units separately, catering to multiple tenants simultaneously, maximizing your rental yield. Whether you're targeting small families, couples, or individuals, our dual-key property accommodates various tenant preferences. This diversity minimizes vacancy risks and ensures a steady stream of rental income. Enjoy attractive rental yields that outperform traditional single-unit investments, providing you with a stable source of passive income. This property is sitting on a 390m2 block of land.
Property Features
• Unit 1
• 3 Bedrooms
• 2 Bathrooms
• Single Lock-up Garage
• Currently tenanted until 07/08/2024 @ $450p/w
• Rental Appraisal $480- $540 p/w
Unit 2
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Property Details for 50 Mount Mitchell St, Park Ridge

50 Mount Mitchell St, Park Ridge is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 390m2. The place is currently for sale with Ray White (IMS).

Building Type
House
Land Size
390m2

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About Park Ridge 4125

The size of Park Ridge is approximately 16.8 square kilometres. It has 10 parks covering nearly 0.8% of total area. The population of Park Ridge in 2011 was 2,328 people. By 2016 the population was 2,509 showing a population growth of 7.8% in the area during that time. The predominant age group in Park Ridge is 70-79 years. Households in Park Ridge are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Park Ridge work in a trades occupation. In 2011, 77.5% of the homes in Park Ridge were owner-occupied compared with 74.5% in 2016.

Park Ridge has 6,230 properties.

    There are currently 69 properties listed for sale, and 44 properties listed for rent in Park ridge on OnTheHouse. According to CoreLogic's data, 432 properties were sold in the past 12 months in Park ridge.

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    Leanne Brown
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    Ray White (IMS)
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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.