36 Armstrong St, Hermit Park is a 7 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1945. The property has a land size of 809m2 and floor size of 184m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 7 bedroom Unit sold in Hermit Park in the last 12 months.
Exceptional Investment Opportunity - Prime Multi-Unit Property in Hermit Park
Discover a rare and lucrative investment offering in the heart of Hermit Park. This impressive block of units features four well-designed residences, each offering its unique charm and modern comforts. Situated in a sought-after location and boasting a blend of updated units and original character, this property presents a versatile and rewarding investment opportunity. With secured leases and no body corporate fees this block offers great potential returns for the savvy investor.
Property Features:
Unit 2 - 1 Bedroom (Potential 2 Bedroom), 1 Bathroom:
Step into this delightful ground floor unit that exudes contemporary flair and functionality. Featuring a spacious 1 bedroom layout, the additional family room can easily be transformed into a second bedroom, accommodating a growing family or guests with ease.
Unit 3 - 2 Bedrooms, 1 Bathroom:
On the ground floor, you'll find a stylish and inviting 2-bedroom unit, offering a seamless open-plan living and dining area. Modern conveniences and ample space make this unit highly attractive to tenants or those seeking comfortable living.
Unit 4 - 1 Bedroom (Potential 2 Bedroom), 1 Bathroom:
Similar to Unit 1, this downstairs gem boasts a 1-bedroom layout with the versatility of a family room that can be effortlessly converted into a second bedroom or a multi-functional space.
Property Highlights:
? Modernized Downstairs Units: Units 1 to 3 have all been thoughtfully updated and modernized, offering tenants or residents the convenience of contemporary living.
? Original Character: Unit 4 on the upper level retains its timeless charm and character, providing a unique living experience that appeals to those seeking a touch of nostalgia.
? Excellent Investment: With a diverse mix of units, this property offers an attractive investment opportunity, enabling you to capitalize on Hermit Park's strong rental demand.
? Prime Location: Situated in a highly desirable neighborhood, residents will enjoy easy access to local amenities, parks, schools, and public transport options.
? Potential Upside: The original features in Unit 1 offer scope for renovation, adding value and appeal to the property (subject to council approval).
Investment Details:
? Annual Rental Return of over $55,000 per year
? Unit 1 - $280 per week, leased until 12/08/2024
? Unit 2 - $280 per week, leased until 16/01/2024
? Unit 3 - $270 per week, leased until 20/05/2024
? Unit 4 - $240 per week, leased until 15/01/2024
? Council rates approximately $11,000 per year
? Units are on a single title and so there is no Strata or Body Corporate fees.
? Located in the Heart of Hermit Park, with easy access to public transport, schools and shops.
Interested parties should verify the accuracy and currency of the information and make their own independent inquiries as the agent cannot attest to the correctness of the information provided. Some file photographs in use may have been taken some time ago or modifications have been conducted at the property since the photography. Please rely on your own inspection and investigations to determine if this property is suitable for your requirements and information provided is general in nature. First National Townsville bears no liability for any loss sustained due to inaccuracy or omission.
The size of Hermit Park is approximately 2.2 square kilometres. It has 5 parks covering nearly 26.4% of total area. The population of Hermit Park in 2011 was 3,520 people. By 2016 the population was 3,423 showing a population decline of 2.8% in the area during that time. The predominant age group in Hermit Park is 20-29 years. Households in Hermit Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hermit Park work in a professional occupation. In 2011, 48.1% of the homes in Hermit Park were owner-occupied compared with 47% in 2016.
Hermit Park has 2,077 properties. Over the last 5 years, Houses in Hermit Park have seen a 83.36% increase in median value, while Units have seen a 51.88% increase. As at 31 July 2024:
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