8 incomes - and such a seamless investment block of flats. If you have been waiting for all the boxes to be ticked, then investigate this opportunity. First time offered for-sale in 10 years, this purpose built block of flats is like Mr Consistently; It just consistently rolls out a great rent roll and is in demand from prospective tenants when a vacancy arises.
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Located in the ever popular suburb of Fenton Park, the property comprises of 8 large 2 bedroom units built for longevity, concrete, concrete block and brick all nestled on 1156m2 grounds with a northerly aspect. A little TLC here and there will make this a top residential investment property.
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Currently the property annual rent roll $79,300 is superb, but an independent rental appraisal of $200.00 per week per unit suggest the rent roll could easily be $83,200 pa which equates to the massive 9.5% gross yield on the asking price. This is a bankers delight - a cash flow positive investment.
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Demand from prospective tenants is very high, which is demonstrated by the high occupancy rate, with long term tenancies being the norm, thus creating a hassle-free appealing investment. Promptly contact the listing agent to arrange a private viewing.