This ideal investment opportunity offers an attractive 9.30% gross return on listing price and is conveniently located within walking distance to Ingham's CBD. The property consists of four fully tenanted units, each freshly enhanced with a complete exterior repaint and recent replacements of both roof and guttering.
The units are individually described as follows:
Unit 1 features three bedrooms, a rear air-conditioned living room, a kitchen replete with ample cupboard space, a bathroom with a separate toilet and plunge, and a front balcony.
Unit 2 includes two air-conditioned bedrooms, a living room that opens onto the front balcony, a modern kitchen, and an upgraded bathroom.
Unit 3 offers an integrated air-conditioned living, kitchen, and dining area, three bedrooms, and a bathroom with a separate toilet.
Unit 4 is comprised of an air-conditioned living, kitchen, and dining area, three bedrooms (two of which are air-conditioned), and a bathroom with a separate toilet.
Additional property features include a rear yard with a four-bay carport, good access, concrete driveways on both sides, and an external laundry for each unit.
Currently generating $1020.00 per week in rental income, this investment not only brings a high yield but also potential for further improvement. Situated on an 809 sqm block, this property is a strategic choice for those looking to enhance their investment portfolio.
For further details or to arrange a viewing, contact Ray White Ingham or directly reach out to Marie on 0448 347722.
