Queen Street flats seem to be increasing in popularity each year and while this 7 bedroom, 2 bathroom property already produces great cash flow ($980 per week) it certainly isn’t in peak condition. With decent sized bedrooms, spacious open plan kitchen/ living area, decks out front and back along with a single garage, the rewards are there if someone wants to put a little bit of work in. $140 per room is in the low-mid range compared with other flats in the area so with a new kitchen as well as paint and carpet, the numbers will improve significantly.
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