Two Units on the North Side

Description

Where else can you buy two homes for less than $500,000?

This property offers the new owner the opportunity for value to be added, which in turn will allow the rent to be increased. Both units are currently rented to fantastic tenants, who would like to stay on with the new owner.

Each 2 bedroom unit has insulation, a heatpump, extractor fans, a combined bathroom, a separate lounge, a carport & lockable shed - both set on a generous size section of 1094m2.

Both units have the rental potential to be $350 pw. Unit b requires an easy interior spruce up, and I suggest painting the outside of the properties also. 

PROPERTY DETAILS
  • Bedrooms: 4
  • Bathrooms: 2
  • Car parking: 2
  • Floor area: 130m2
  • Land area: 1094m2
  • Estate type: Freehold
  • Rental status: Current rent (12A) $300 & (12B)$200 pw
  • Rental appraisal:$350 pw potential rent per unit (Verbal rental appraisal - TBC in writing)
  • Rates: District= $5,506, Regional= $275, Total = $5,781
LOCATION
  • $468,500
  • Gross yield: 7.4% potential
  • Rental appraisal: $350 pw potential rent per unit (Verbal rental appraisal - TBC in writing)
  • Annual rates: District= $5506, Regional= $275, Total = $5781
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ABOUT THE AGENT

Wayne Dickson

Licensed Salesperson
REAA 2008