4 x 2 Bedroom Units
A fantastic opportunity to purchase a good size block of 4 x 2 bedrooms units, all on one title, located on 951m2 of RMD, TC2 land.
These units are permanent material, concrete block, and roughcast with iron roof. Each unit having updated kitchens, spacious and sunny living area. Two double bedrooms with wardrobes. Bathroom with shower over baths, one with separate shower, vanity, toilet and laundry faculties. Six carports at rear of property and car parking off street at front.
There is potential to redevelop on site, where a cottage, has been removed. Subject to CCC approval.
All EQC repairs have been completed, there is an insurance pay out for driveway to be transferred to purchasers at settlement of approx $50,000. Insurance in place with AMI.
Good holding income of $310, $310 and $305 per week, flat 3 is currently vacant and being advertised at $310 per week, showing a potential total weekly rental of $1,235 per week = $64,220 per annum.
Area average rentals for Linwood/Phillipstown for a 2 bedroom unit median rental is $300pw, upper quartile $330pw and lower quartile $285pw, sourced from Department of Building and Housing as of 30/09/2019.
Situated in a great rental location close to Eastgate Mall, the CBD, local amenities, Olliviers Reserve and Edmond Park and public transport.
Ideal for any investor to add to their portfolio. Be quick here, phone now for details.