An outstanding opportunity for investors looking to secure an established dual-income property with clear upside. Positioned on a generous block, 61 Mirrabooka Road currently consists of two separate 2-bedroom units - one upstairs and one downstairs - both occupied by long-term tenants.
The current leases have expired and rents have not been increased for some time, presenting immediate potential for a rental adjustment and improved returns.
Where the real opportunity lies is at the rear of the property. Subject to council approval (STCA), the block offers the potential to add a 2-bedroom granny flat, creating three separate income streams on the one parcel of land - a strategy many investors are using to push yields above the local market average.
Key Features:
• Two self-contained 2 bedroom units (upstairs & downstairs)
• Dual income property with long-term tenants
• Expired leases allowing for rental review
• Granny flat potential (STCA) at the rear
• Opportunity to create three incomes on one block
• Ideal for investors seeking value-add and strong future yield
Properties offering this combination of existing income and clear development upside are becoming harder to find in the local market. For investors looking to increase cash flow and manufacture stronger returns, this is an opportunity worth exploring
