A unique opportunity is available for buyer looking for positive cashflow property to add or start their portfolio.
This 3 bedroom property is currently managed and rented by a property management company that looks after families in need of emergency housing. Currently the property is renting for $1100 per week, yes per week! The property management company is in charge of 2-3 weekly inspections, managing tenants and any arranging for tradesmen to undertake repairs and maintenance as required. All you need to pay for is water, power, rates, repairs and maintenance, insurance etc.
Property details
3 Bedroom 1 bathrooms carport 108sqm house 1990s
Consent obtained for second toilet in laundry and convert carport to a garage.
Freehold 600sqm – potential to add sleepout or minor dwelling subject to council approval
If 2 bedroom minor dwelling (plans attached) added rent payable would increase to approx $2000 per week.
GV $640,000 vendor looking for $630,000
Price includes chattels 3 beds, dining table and chairs, 1 x TV, lounge suite, fridge, microwave and washing machine
Occupancy nearly 100% over last 5 months only 1 day vacancy*
*Rent payable when families are placed into the property if there is a vacancy no rent is payable.
Contact Tina for more information or to arrange viewing time
