Positive Cash Flow Duplex Pair With Strata Potential
Property ID: 14283475
Purchase Price $459k
Rental Income $580 per week
Gross Yield 6.57%
Rarely available fully detached duplex pair in Queensland. Each unit has its own water and power connection so they have the potential to be strata titled (subject to council approval). Circumstances mean property must be sold!
The population of this region is forecast to more than double in the next 16 years, bringing an additional 76,000 jobs to the area. There is currently $Billions in infrastructure spending planned for this city.
Potential for equity upon completion of strata titling, recent comparable sales of detached houses between $238K - $255K.
Walking distance to Public Transport, High School and University.
3.5 km to CBD.
11 schools (public & private) within 5 km.
3 km to hospital.
3.5 km to train station.
4 km to shopping centre with Aldi, Coles, Kmart, Target and Woolworths and over 150 specialty stores.
Quick access to motorway.
Each duplex has 3 bedrooms, 1 bathroom and a remote single lock up garage.
Air-conditioning in living areas.
Robe to all bedrooms.
Large block of 942m2.
The purchase price of $459K has been negotiated directly with the vendor to achieve a substantially reduced price and represents the vendor's lowest price.
Call Yujin Yeoh on 0479 191 815 for further details.