This well-maintained block of units at 88 Gainsborough St, Moorooka offers a great opportunity for the savvy investor. This is your chance to acquire a constant cash flow spread over 5 investments with an attractive rental return. Moorooka has experienced some extraordinary growth and continues to perform as first home buyers and families in particular are gravitating to the strong community base and the convenience the location has to offer.
Sitting on an expansive 809sqm parcel of land, this immaculate brick and tile unit block is currently zoned LMR3 low-medium density (up to 4 storeys). Consisting of 3 x 1-bedroom, 1 bath, 2 car units & 2 x 2-bedroom, 1 bath, 2 car units. This 1980's-built complex has been immaculately maintained and updated and could be a sit and forget investment for many. There are also options to extend the complex and cash flow; strata title the complex; while others might landbank to develop in the future as the city plan changes.
Unit 1 & 2 sit at the front of the c
