This well-positioned Triplex presents an exceptional investment opportunity, offering a combined rental income of $1,120 per week. With significant upgrades throughout, the property has been enhanced to provide modern living spaces and long-term value. The property has new painting completed over the entire property and roof, new fence, upgrading of the entire electrical box and all units, new internal upgrades and MUCH MORE!!!!
Situated on a prime 992m² site, this property is perfectly positioned to benefit from the ongoing growth and development of Toowoomba, ensuring strong future capital appreciation. The land has also appreciated considerably in the recent valuation report.
Features:
Unit 1 (2 Bed + Study)
• Brand new kitchen with modern cabinetry, electric upright stove, and updated fittings
• Northern timber patio front entry
• Neat vinyl flooring in living areas, carpet in bedrooms
• Large main bedroom with built-in robes
• Second bedroom with built-in robes
• Study/nursery with external door, next to main bedroom
• Central living room
• Rear bathroom with shower, vanity, and toilet
• Electric hot water system
• Rear door leading to shared carport
• Smoke alarm compliant
• Security screens on windows and rear door
• Current long rental: $400/week
Unit 2 (2 Bed)
• Western patio main entry with glass slider door
• Central living room with study nook/desk
• Generous main bedroom with built-in robes, new carpet installed
• Second bedroom with new carpet installed
• Neat vinyl flooring in living areas
• Brand new kitchen with modern cabinetry, electric upright stove, and updated fittings
• Rear bathroom with separate shower and vanity/toilet room
• Electric hot water system
• Rear door to shared carport
• Smoke alarm compliant
• Security screens and rear door
• Current long rental: $400/week
Unit 3 (1 Bed)
• Brand new kitchen with modern cabinetry, electric cooker, and updated fittings
• Entry from southern side carport
• Spacious lounge/living room with gas heater
• Dining area adjoining kitchen
• Bathroom with shower, vanity, and toilet
• External access door off kitchen
• Good-sized main bedroom with free-standing wardrobe
• Smoke alarm compliant
• Security screens and doors
• Current long rental: $320/week
Total rental income: $1,120/week for the triplex
Additional Features:
• Significant upgrades including full repaint, new flooring, new kitchens, new plumbing and electrical systems
• Shared common laundry with individual power points for tenants
• Garden shed
• Spacious front, side and rear lawn areas
• Brand new fence providing enhanced security and privacy
• Recent smoke alarm compliance certificates for all units
With its modern upgrades and prime location, this property offers immediate rental income and significant long-term potential. Be sure to inspect, don't miss out!
Rates: Approximately $2,503.40 per half year
Water Access: Approximately $335.75 per half year
