Investment Properties
QLD - Buy & Hold with heaps of Potential
*All 3 units currently tenanted!
*Collective return of $500 per week!
*Great opportunity to increase your portfolio!
*Walking distance to town and schools!
*Vendor keen and ready to sell!
This is a block of 3 units; 2 x 2 downstairs and 1 x 5 bedroom upstairs. The block has a lot of potential, to start with all units could be renovated, new kitchens, bathrooms, internal paint, landscaping and add to the street appeal of the building with a render paint or similar. There MAYBE potential to strata title, the agent believes the floor between the two floors is cement which will be fine for firewalling. There may also be the potential to turn upstairs into 2 units. None of this needs to be done now and the units will rent as is quite nicely.
The agent has advised that resale values for individual units are worked on the 5% rental return.
 Buy & Hold
 Growth
 Development
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| Purchase Price: | $435,000 |
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| Gross Weekly Rental: | $500 |
| Council Rates: | $4,500pa approx |
| Gross Return: | 6% |
| Management Fees : | 7.7% |
| Population: | 32,000 |
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