Investment Properties
NSW- duplex live in one rent the other
What more could you ask for? This pair of duplexes will fit the bill! The larger of the two offers 3 bedrooms, 2 bathrooms and a tandem double garage. The smaller offers 2 bedrooms, 1 bathroom and a carport. Situated on a corner block, with dual street access, each duplex has magnificent views of the ocean and Montague Island. In original 1980's condition, they are being sold together as a lot. Currently achieving $385 per week in combined rental income, the possibilities are endless in this excellent location.
We have been advsied that individual resales on these units would be $280-300K for the 3 bedroom and $220-240K for the 2 bedroom. The agent thought these would sell well as they would be at the lower end of the market.
 Buy & Hold
 Development
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| Purchase Price: | $419,000 |
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| Possible Price: | $400,000 |
| Gross Weekly Rental: | $385pw |
| Council Rates: | $1,800 pa approx |
| Management Fees : | 8.8% |
| Population: | 8,000 region |
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