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1800 600 890

Triple Income, Capital City, Renovation Potential

Property ID: 17055625
Purchase Price $450K
Estimated Renovation Cost $70K
Estimated Rent On Completion $600 per week
Estimated Yield 6%
Capital City
Walk score of 90

Triplex on 1 title (cannot be strata titled) in a Capital City CBD location. Due for a renovation there is an opportunity to add value and increase your rental return to provide a positive cash flow.

Being within walking distance to many of the city's large employers, these 3 one bedroom units are ideally located to suit many of the local workforce.

Walking distance to;

* CBD;
* 4 Schools;
* Woolworths Supermarket;
* A selection of Parks:
* Dozens of Restaurants;
* A large selection of Coffee Shops:
* Shopping:
* Hospital:
* TAFE:
* Bus Stop.

Other facilities nearby include;


University;
3 additional Woolworths + 2 Coles;
2 additional Hospitals;
Museums;
Library;
Additional schools;
Pharmacies;
Medical centres;
Banks;


RENTAL RETURNS

Unit 1 $145 per week (52m2)
Unit 2 $135 per week (52m2)
Unit 3 $150 per week (49m2)

Each unit has 1 bedroom and 1 bathroom. Unit 1 & 3 have separate living areas while unit 2 is a bedsit style. You could easily add a wall to add an extra room. Budget on at least $20K for renovations on each unit.

The estimated value of the land is $350K+


For further details call Matthew Barnes on 0430 979 900.

Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 306m2

Type: Residential, House

Investment Strategy: Manufacture Equity and Positive Cash Flow

Gross Yield: 6% After Renovation

Estimated Cash Flow: $20 per week

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Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 306m2

Type: Residential, House

Investment Strategy: Manufacture Equity and Positive Cash Flow

Gross Yield: 6% After Renovation

Estimated Cash Flow: $20 per week