Positive Cash flow!!!!!!
Now that I've gotten your attention here are the details! This Renovators delight is ready to be your next cash cow! The current owners have priced the property to sell and with solid dual living ability the opportunities are endless!
Option 1: Rent and Reap The Rewards.
Upstairs is a solid three bedroom home with nice front deck and tidy open plan living area. In need of some TLC a lick of paint and some elbow grease could create even more rental yield. Current rental appraisal of $320 per week as is.
Downstairs is a near new one bedroom unit. Fully tiled and air-conditioned with a new kitchen and trendy fit out you will never struggle to find a tenant! A lease has just ended that was at $220 per week and there is potential to secure a tenants before settlement for the right buyer.
With the property rented out to separate tenants you could be taking advantage of a gross return of $540 per week. They are big numbers no matter how you do the math!
Option 2: Live and offset!
The current vendors have taken advantage of the downstairs unit as a tool to offset their mortgage. You can live upstairs and have a tenant downstairs paying a large chunk of your mortgage! With full soundproofing and separate entries you won't even know somebody is downstairs.
Option 3: Granny Flat!
Perfect for two generations you could live upstairs while elderly parents live downstairs or alternatively the unit downstairs is a perfect place for a teenager seeking some freedom!
Newly renovated ground floor unit
Walking distance to train station
Across the road from football fields
Huge potential for capital growth
Dual living with separate access
9 K’s to Brisbane City
▶
