Investors looking for strong, established rental income and the flexibility of two separate residences will want to take a serious look at this excellent opportunity at 32 Pendragon Street, Raceview.
Currently generating a combined rental income of $980 per week, this five bedroom, four bathroom, two car duplex presents an excellent opportunity to secure two income streams from a single, low maintenance 503sqm block.
With established tenants already in place, the property provides an attractive proposition for investors wanting immediate rental income without the uncertainty of finding new tenants. The duplex configuration also creates broader appeal to the rental market, with two separate living arrangements providing flexibility that traditional single-family homes cannot always offer.
The property has been designed with practicality in mind, comprising a three-bedroom, two-bathroom residence alongside a two bedroom, two bathroom residence. With approximately 200sqm of building area, two garages and functional living spaces across both residences, the property offers a comfortable living arrangement for tenants while keeping ongoing maintenance manageable.
Investment Highlights:
:: Combined rental income of $980 per week
:: Approximately $50,960 in annual rental income
:: Five bedrooms and four bathrooms across two residences
:: Two garages providing secure parking
:: Duplex configuration providing two rental income streams
:: Established tenants currently in place
:: Three-bedroom, two-bathroom residence
:: Two-bedroom, two-bathroom residence
:: Low-maintenance 503sqm block
:: Approximately 200sqm of building area
:: Practical floor plans with strong tenant appeal
:: Established residential location
:: Close to schools, shopping centres and public transport
:: Convenient access to Ipswich CBD and major transport routes
:: + Much More
Located in the established suburb of Raceview, the property is positioned within easy reach of Raceview State School, local shopping facilities, public transport and everyday amenities. With convenient access to the Cunningham Highway and Ipswich CBD, the location provides the accessibility and convenience that tenants are looking for.
For investors, the appeal is simple - two separate residences, two income streams, established tenants and an impressive $980 per week in combined rental income, all from a low-maintenance property.
Whether you're looking to expand your existing portfolio or secure your next investment, 32 Pendragon Street deserves your attention.
If you'd like to know more about this property or book your private viewing, please make contact with us today.
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
