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Back 2 Alba St
Off Market

2 Alba St

Frankston North VIC 3200

8
8
2
613 m²
House
Last sold for $1,595,000
Joe BonifazioJoe Bonifazio, last sold this property on 06 October 2025 after 347 days on market.

Overview

Rooming house high yield investment

We are offering a unique opportunity to purchase an amazing residential property that currently generating cash flow of $135,840 p.a. in gross income a yield of at least 8.33%. This property is a newly built in December 2023 Class1B Rooming House comprising 8 room with 8 ensuites. All rooms have access to the central kitchen as well as a coin operated laundry facility in the building. It has all the necessary council approvals and is registered for use. This investment offers certainty of income, land tax exemption, and division 43 depreciation benefits. This property features 613sqm (approx.) of land in a quiet street conveniently located just a few steps from bus stops, local milk-bar, shopping centres, primary and secondary schools, sporting clubs and parks. With major arterials, beaches and everything Frankston has to offer right at your doorstep. This is a unique investment with high returns and some fantastic unique ownership benefits.

Features

8 bedrooms
8 bathrooms
2 carspaces
613 m² lot size
House

Estimated Value

We need at least 3 similar 8 bedroom houses sold in Frankston North over the last 12 months.

Property history for 2 Alba St

2025
Sold
$1,595,000
Private Sale/Treaty on 06 Oct 2025 by Joe Bonifazio, of The Hopkins Group
2022
Rented
Undisclosed
Leased on 06 Apr 2022 by Frog Property Sales & Management
2017
Sold
$505,000
Private Sale/Treaty on 09 Oct 2017 by Kieren Lee, of Frog Property Sales & Management

Happy sellers in Frankston North

93%
93% of sellers in Frankston North reported that their sale price either exceeded or met their price expectations.

Frankston North stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 51 reviews in Frankston North over the last 12 months.

Local market activity for 8 bedroom houses in Frankston North

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Mark Burke

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Andrew Condon

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Michelle Stephens

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Shane Donovan

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