1&2/5 Corbould Street

The Gap QLD 4825

55 m²

Apartment

Currently for sale - view listing

Overview

Strong Rental Returns Two Units on One Title

Positioned on a generous 1,012m² allotment in Mount Isa, 5 Corbould Street presents an outstanding opportunity for investors seeking strong rental returns from a solid brick residential investment. Comprising two separate units on one property, the investment is currently generating a combined rental income of $540 per week, delivering an attractive gross annual rental yield of approximately 10.4% based on the $270,000 asking price. With each unit returning $270 per week, this dual-income property offers investors the advantage of two separate rental streams from a single property. The solid brick construction, substantial landholding and convenient location within walking distance of Mount Isa CBD further enhance its investment appeal. Notable Features: - Attractive gross annual rental yield of approximately 10.4% - Combined rental income of $540 per week - Gross annual rental income of $28,080 - Two separate units providing dual rental income - Generous 1,012m² allotment - Solid brick construction - Walking distance to Mount Isa CBD - Ample rear space - Asking price of $270,000 - Opportunity to secure two rental streams from one property With two separate rental incomes, solid brick construction and a substantial allotment, this property presents an appealing opportunity for investors seeking strong rental returns at an accessible price point. The combination of an approximately 10.4% gross rental yield, dual-income potential and proximity to Mount Isa CBD makes 5 Corbould Street a compelling addition to any investment portfolio. Contact Sam Hossain 0432 463 869 to arrange your inspection today. Disclaimer: Floorplan measurements and layouts are provided as an approximate guide only. While every effort has been made to ensure accuracy, they may not be 100% precise. Buyers are encouraged to conduct their own inspections and verify any details that are important to them.