Positioned in a quiet and convenient location, this 7-year-old dual-living property on a 469m² block presents an excellent opportunity for homeowners, extended families and investors alike.
Offering two separate residences, each with its own electricity meter and sub-water meter, this property provides the flexibility to live comfortably while generating additional rental income, or to secure two separate rental incomes from one investment.
Being an astute buyer, you'll appreciate the durability of this STEEL FRAMED CONSTRUCTION with a SOLID BRICK exterior. Many providers lower insurance premiums for steel buildings due to their high resistance to fire and extreme weather. STEEL FRAMED BUILDINGS DO NOT ROT, WARP OR FALL VICTIM TO TERMITES, THUS REDUCING FUTURE REPAIR BILLS.
Ideal for Owner-Occupiers
This versatile property is perfect for families looking for flexible living arrangements, including:
Multiple generations living under one roof, while still enjoying two separate and private living spaces.
Live in one residence and rent out the other, providing an opportunity to reduce your holding costs while retaining the property as a long-term investment.
Both residences are currently occupied by excellent tenants who have taken great care of the property and are keen to continue with long-term leases, providing an attractive option for an owner looking for an investment with established tenants.
Attractive Investment Opportunity
For investors, the property offers the potential to generate income from both residences, with the current combined rental income of $900 per week and recent rental appraisals indicating potential combined rental income of approximately $1,070$1,110 per week, subject to market conditions and tenancy arrangements.
Both tenants have demonstrated a strong rental history and take pride in maintaining their respective residence.
14/1 Spruce Street, Loganlea
Spacious 3-Bedroom Residence
Large master bedroom with ensuite and built-in robe
Two additional built-in bedrooms
Main bathroom with combined toilet
Spacious open-plan living and dining area
Modern kitchen with ample cupboard and bench space
Stainless-steel appliances
Covered patio providing a great outdoor living area
Low-maintenance yard
Single lock-up remote garage with internal access
Currently rented for $500 per week
New rental appraisal: $600$620 per week
2/14 Spruce Street, Loganlea
Comfortable 2-Bedroom Residence
Two good-sized built-in bedrooms
Comfortable lounge room with air conditioning
Modern bathroom with toilet
Well-appointed kitchen with plenty of cupboard space
Stainless-steel appliances
Private courtyard for outdoor enjoyment
Single remote lock-up garage with internal access
Currently rented for $400 per week
New rental appraisal: $470$490 per week
Convenient Location
Ideally positioned between Brisbane and the Gold Coast, this property is close to a range of shopping, transport, education and healthcare facilities, including:
Logan Hyperdome, Shailer Park approximately 10 minutes
Waterford Plaza approximately 4 minutes
Loganlea Train Station
Loganlea State High School
Logan Hospital approximately 3 minutes
Griffith University Logan Campus approximately 5 minutes
Canterbury College approximately 7 minutes
John Paul College approximately 6 minutes
Gold Coast approximately 40 minutes
Brisbane CBD approximately 24 minutes
No Body Corporate Fees
With no body corporate fees, this property offers an additional advantage for both homeowners and investors, potentially helping to keep ongoing ownership costs lower.
Whether you're looking for a flexible home for your extended family, an opportunity to live in one residence while receiving rental income from the other, or an investment with two income streams, this unique dual-living property deserves your attention.
Opportunities like this are becoming increasingly difficult to find. Don't miss your chance to inspect this versatile property and explore its potential.
Contact us today to arrange your inspection.
Disclaimer - All information contained herein is gathered from sources we consider to be reliable. However, we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries
