11 Newtown Street

East Ipswich QLD 4305

Did you know that your primary residence could also serve as a source of income, potentially bringing in over $74,000 per year? Here's an enticing opportunity: for just total $588,000, you can own a charming 3-bedroom villa with management rights included. If you manage it yourself, you could earn $74,000 annually, with an 8-year agreement already in place, and the possibility of renegotiating with the body corporate for renewal.

This business is tailored for streamlined management, requiring only one part-time person, making it perfect for a small family where one member can stay home to manage it, or for a semi-retired couple seeking an income without the hassle of commuting. Additionally, if gardening isn't your cup of tea, you have the option to hire a contractor to handle it.

Alternatively, you can treat it as an investment property and business opportunity. With the current rent at $370 per week for the unit, you can use that income to engage a contractor to maintain the complex, resulting in a return of over 12.5% on your investment.