65 Ishmael Road is a cash flowing investment, prime for the astute investor looking to start or expand their current portfolio. The complex is comprised of 4x1 Bedroom units plus 1x 2-bedroom unit, 100% occupied with long term tenants.
THE INVESTMENT:
- Total yearly income is a massive $60,320!
- Body corporate fees: $0 per annum
- Council rates: $5,041.85 per half year
- Water rates: Approx. $275 per quarter
- Current occupancy - 100%
- 4x 1 bedroom, 1 bathroom units
- 1x 2 bedroom, 1 bathroom unit
- 959m2 block
- Prime location with future development potential
THE RESULT = $49,386.30 Income or approx. 6.5% return after fixed costs.
Contact Daniel Roser on 0423 647 751 for more information.