There aren't too many complexes available for sale in Mount Isa currently, and this one could be a great buy for the keen investor.
Being a block construction complex, the property has great bones and plenty of renovation potential if you choose.
A complex of 3 x 1 bedroom units with a 4 bedroom unit at the rear.
Featuring:
- All units are fully tiled for easy upkeep and are good sizes!
- Unit 4 is the largest with separate dining and living space, 1 bathroom and 4 bedrooms.
- Units 1-3 are all 1 bedroom 1 bathroom units with full split system cooling throughout being in the living and bedrooms.
- Unit 4 with split system cooling in the dining and one bedroom.
- All units with shared courtyards, with unit 4 having the largest space with a garden shed. However, they could easily be separated to increase the potential return per unit.
- 4 open air parking at the front of the complex. With opportunities to build carports to increase your return
- Conveniently located, being in walking distance to the Hospital and CBD and Townview Primary School.
Currently returning over $57,000.00 p/a, allowing you a 12% gross rental return.
The complex has potential for renovations; meaning there is potential for extra returns for the new owner!
With rental vacancy rates under 1.5%; now is the best time to get into the Isa investment market!
An investment opportunity with plenty of potential for the keen investor.
Contact us today for more information or to request a copy of the information memorandum.
Disclaimer: 4825 Realty has taken reasonable steps to ensure the accuracy of this advertisement. However, as much of the information has been provided by third parties, we accept no responsibility and disclaim all liability for any errors, omissions, or inaccuracies. Prospective purchasers should conduct their own enquiries, inspections, and seek independent legal advice.
