Currently returning the highly desirable and increasingly hard to find, 5% net returns, with the possibility to add further value and dramatically increase your rental yields even further, apartment 6 in the quaint Caulfield Gardens complex is a proverbial uncut diamond. Opportunity awaits.
The Facts
- 2 story townhouse design
- Dual front and back, fully fenced courtyards
- Privately located at the rear of the complex
- Self contained internal laundry
- Very sturdy, solid block construction
- Secure, undercover parking
- Across the road from Piccones shopping centre
- Close to transport, entertainment and schools
- Within Edge Hill Primary School catchment area
The Figures
- Currently rent return $305 per week
- Leased until July 2023
- Council Rates $2600 per year approx
- Cheap Body Corp of just $4,413
- Rent potential if renovated $360 per week plus
- Potential of over 7% net returns
Perfect for the ambitious investor, this solid townhouse is an exceptional opportunity to get into the market and start making money from day one, while possibly planning and preparing for a highly profitable renovation that will lead you to the kind of phenomenal returns that you just cant find on the market today.
For all enquiries, contact Tim Lyon on - 0400 355 706
*Please note, this is a tenanted property. To protect the tenants privacy, all images advertised are from prior to the tenants moving in*
