2/210 Olsen Avenue

Arundel QLD 4214

Duplex

Currently for sale - view listing

Overview

PRIME ARUNDEL DUPLEX INVESTMENT OPPORTUNITY WITH VALUE-ADD POTENTIAL

Positioned in a convenient Arundel location, this brick-and-tile duplex presents an excellent opportunity for investors, renovators and buyers looking to add value over time. Currently leased at $650 per week on a fixed-term tenancy until 11 December 2026, the property provides an immediate rental income while offering plenty of scope for future improvement. The property is currently presented in rental condition and would benefit from some TLC and cosmetic improvements. With some updating and modernisation, there is potential to improve the presentation, appeal and future value of the property. Adding to the appeal is its position on a potential future Light Rail main route, providing an exciting long-term location consideration. Property Features Well-built brick and tile duplex Currently tenanted at $650 per week Fixed-term tenancy until 11 December 2026 Value-add potential with some cosmetic improvements and TLC Potential future Light Rail main route location Large, fully fenced backyard Modern kitchen with generous island benchtop Spacious fully tiled living area Air conditioning to the living area Bedrooms with ceiling fans Bathroom with both shower and bathtub Fully tiled bathroom Covered pergola and BBQ area, ideal for outdoor entertaining Off-street parking for 2 vehicles Great opportunity to improve and add value over time INVEST, IMPROVE & ADD VALUE Rates information: council rates $1529.42 (1 Jul - 31 Dec 2026), Water rates $525.20 (4 Feb - 11 May 2026), Levy Insurance only $1298.05 (half share $2596.10) This is an opportunity for buyers who can see beyond the current rental presentation and recognise the potential. With a solid brick-and-tile construction, generous backyard, existing rental income and scope for cosmetic improvements, the property provides the opportunity to renovate, modernise and potentially increase its future value. The existing tenancy also means investors can secure an income-producing property now, with the flexibility to consider improvements at the end of the current lease. Combined with the potential future Light Rail route, this property deserves serious consideration from investors and value-focused buyers. TENDER CLOSES 28 AUGUST 2026 Don't miss this opportunity to secure a well-positioned Arundel duplex with rental income and genuine value-add potential. Contact Great Ocean Realty f.gao@greatoceanrealty.com.au today for further information or to arrange your inspection.