Attention investors! Here is a fantastic opportunity to secure two income-producing properties on a single title, both currently tenanted and delivering an immediate rental return.
Situated on a generous corner allotment of approximately 1,216m, these solid double-brick residences offer an attractive investment opportunity with a combined weekly rental income of $590, equating to an impressive $30,680 per annum!
Both properties feature three bedrooms, including a built-in robe to the master, practical bathrooms, eat-in kitchens, timber floorboards, security screens and comfortable living areas complete with wall-mounted air conditioning. Outside, each residence enjoys its own fully fenced, separate rear yard, providing privacy and outdoor space for tenants. Both properties also benefit from brand-new septic tanks, a valuable recent improvement.
Conveniently located close to schools, shops and local amenities, these properties offer plenty of appeal to tenants.
CURRENT RENTAL RETURNS
6 Hodge Street: $300 per week - $15,600 annually
28 Pilton Street: $290 per week - $15,080 annually
Combined Weekly Rental Income: $590
Combined Annual Rental Income: $30,680
With two established tenancies, solid double-brick construction, new septic tanks and a combined gross rental yield of approximately 6.46% to 6.82%, this is an excellent opportunity for investors looking to expand their property portfolio. Two homes, two income streams and one title - an investment opportunity well worth considering!
** Gross rental yields are calculated on current rental income and the advertised price range, before deducting rates, insurance, maintenance, management fees and other ownership expenses.**
