223/484 Elgar Road, Box Hill, VIC, 3128

For Sale

223/484 Elgar Road, Box Hill, VIC, 3128

$168,000

Apartment

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3 days on the market

What's around 223/484 Elgar Road

High-Yield Apartment Opposite Box Hill Institute- Over 7.5% net return

The apartment building is located directly opposite Box Hill Institute TAFE. It is within walking distance to Box Hill Central, as well as tram stops and the train station, offering excellent convenience for daily living and transport. The building was constructed in September 2010 and features secure entry. All apartments include: Private modern bathroom Kitchen with 4-burner gas cooktop Dishwasher Heating and air conditioning Private terrace or balcony The apartments are spacious, and the building provides an onsite communal laundry. Investment Information: Rent: approx. $1,390 per month Annual rental income: approx. $16,680 Annual outgoings: approx. $3,800 Net rental income: approx. $12,880 per year Asking price: approx. $168,000 Net rental yield: over 7.5% Stable student tenant demand, making it an ideal investment opportunity.