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Positive Cash Flow Duplex Pair With Equity Uplift Potential

Property ID: 16856535
Purchase Price $480K
Actual Rent $310 + $270 = $580 per week
Gross Yield 6.28%
Built 2011

This pair of duplex units have been strata titled so can be sold separately at any time. Estimated combined value is in excess of $520K.

Similar, but slightly smaller blocks of land in the location are selling for around $260K, showing the built in value in this property if you want to hold on to it and take advantage of the positive cash flows.

Located in South East Queensland,vacancy rates in the area are at just 1.4% (2 to 3% is considered a balanced market).

PROPERTY FEATURES

UNIT 1

3 Bedrooms, master with walk in robe and en suite;
2nd Bathroom;
Air conditioned living area;
Modern kitchen with dishwasher and good bench space:
Covered alfresco area;
Single remote control lock up garage;
Currently rented at $310 per week;

UNIT 2

2 Bedrooms, both with built ins;
1 Bathroom;
Air conditioned living space;
Modern kitchen with dishwasher and good bench space;
Covered alfresco area;
Single remote control lock up garage;
Currently rented at $270 per week;

FACILITIES NEARBY

10 Primary Schools (6 Public and 4 Private);
6 High Schools (5 Public and 1 Private);
1 Private Prep to year 12 school;
18 Childcare centres within an 10 minute drive;
2 University Campuses;
TAFE College;
3 Adult Educational Facilities;
4 Shopping Centres;
2 Hospitals (1 Private and 1 Public);
Several medical centres;
Bus stop 650m;
Train station;
A new $25 million business hub;
A new $17 million equestrian centre;
A new $13 million Sports complex;

NEW PROJECTS COMING

$2 Billion Industrial Park, which will is projected to provide 27,000 jobs;
2 new primary Schools;

Call Matthew Barnes on 0430 979 900 to secure this opportunity.

Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 600m2

Type: Residential, Duplex Semi-detached

Investment Strategy: Equity Uplift, Positive Cash Flow

Gross Yield: 6.28%

Estimated Cash Flow: Positive $30 per week

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Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 600m2

Type: Residential, Duplex Semi-detached

Investment Strategy: Equity Uplift, Positive Cash Flow

Gross Yield: 6.28%

Estimated Cash Flow: Positive $30 per week