Looking for a solid property with a good return?
Well look no further, this block of 3 x 2 bedroom units, offer open plan living with large lounge, roomy bedrooms with built in robe to master, combined bathroom and laundry. The units are separated by carports, and they each have their own dedicated fenced rear yard.
The property is currently returning $410 per week.
Unit 1 $140 per week - Month by Month lease in place.
Unit 2 $130 per week - Month by Month lease in place.
Unit 3 $140 per week - Month by Month lease in place.
Total $410 per week
Rates: $2,785.68 (2016-2017 year)
Insurance $1,716.82 (landlord advised us of this amount)
Water - 1 water meter, landlord must pay all water usage.
Return on Investment (Approx)
Gross 10.18%
Net 8.04%
Snap this up before you regret it.
