Whichever way you look at this opportunity, it is a winner and just makes good sense. The outcome here is positive cash flow. The property comprises of 6 purpose built 2 bedroom units, built with permanent materials and nestled on 1475m2 freehold real estate. The complex comprises of two blocks, one being 4 units and the other containing 2 units.
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Look at the numbers: asking price $330,000, C/V $400,000, rent roll $52,500 pa, yielding a healthy 16%. Each unit is complemented with two good bedrooms, built-in wardrobes and separate kitchen with lounge and dining combined. Good off street car-parking available.
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The bonus is; this complex was painted externally July 2014 and new aluminium windows installed 2012. Internally, the complex requires some refurbishing when the units come vacant.
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Professionally managed, and in demand property from prospective tenants where long term tenancies being the norm, thus creating a hassle-free appealing investment.
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The property is genuinely for-sale, phone listing agent for further details.