2/210 Olsen Avenue

Arundel QLD 4214

357 m²

Duplex

Currently for sale - view listing

Overview

PRIME ARUNDEL DUPLEX RENTAL INCOME, TRANSPORT CONVENIENCE & VALUE-ADD POTENTIAL

Positioned in a highly convenient Arundel location, this solid brick-and-tile duplex presents an excellent opportunity for investors, renovators and value-focused buyers looking for an income-producing property with scope to improve over time. Just moments from the local public transport bus stop, the property offers excellent everyday convenience, while its position along a potential future Light Rail main route provides an additional long-term consideration for buyers. Currently leased at $650 per week on a fixed-term tenancy until 11 December 2026, the property provides immediate rental income while allowing the next owner time to plan future improvements. The property is currently presented in rental condition and would benefit from some TLC and cosmetic updating. With some modernisation and improvements, there is potential to enhance its presentation, appeal and future value. PROPERTY FEATURES Half share of approximately 715sqm land Solid brick-and-tile duplex Currently leased at $650 per week Fixed-term tenancy until 11 December 2026 Conveniently located close to a public transport bus stop 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 living area Bedrooms with ceiling fans Bathroom with both shower and bathtub Fully tiled bathroom Covered pergola and BBQ area for outdoor entertaining Off-street parking for 2 vehicles Excellent scope for cosmetic improvements and modernisation INVEST NOW. IMPROVE LATER. ADD VALUE. For investors, the existing tenancy provides an opportunity to secure a rental income stream immediately. For buyers with a longer-term vision, the property offers the flexibility to consider improvements and renovation once the current tenancy ends. Cosmetic upgrades could potentially transform the presentation and improve the property's future appeal. The combination of solid construction, generous land, rental income, public transport convenience and future value-add potential makes this a property worth considering for buyers seeking an affordable entry into the Arundel market. RATES & OUTGOINGS Council rates: $1,529.42 (1 July 31 December 2026) Water rates: $525.20 (4 February 11 May 2026) Levy / insurance: $1,298.05 (Half share: $2,596.10) Whether you're looking for an investment with an existing tenant or a property where you can renovate, improve and add value over time, this Arundel duplex offers plenty of possibilities. Don't miss this opportunity to secure a well-positioned duplex close to public transport, with rental income and genuine value-add potential. Contact Great Ocean Realty Feng Gao at f.gao@greatoceanrealty.com.au for further information or to arrange your inspection.