Turn Key Investment returning $48,000 p.a
Astute Investors will know the value of a cash flow positive investment and this multi tenancy residential property is one that should not be missed. With a gross annual income of $48,000 with the security of 3 separate residential tenancies, this purpose built residence in the high growth area of Burnside will sell quickly.
It is with much excitement we present 20 Baloo Street Burnside a property for the astute investor. Located in the heart of Burnside this large leafy 908sqm property is being sold as turn-key investment. Comprising 3 separate living quarters, the property has 3 permanent tenants in place and is currently returning $925 per week.
Located on almost a 1/4 of an acre in a quiet cul-de-sac 20 Baloo street boasts great privacy while also being close to schools, shops and medical.
The multi tenanted residence is separated into 3 separate residences.
The top level is the largest of the tenanted residences featuring 3 bedrooms with en suite to master. Expansive veranda at the front and the rear of the property great for entertaining and with room for kids. Spacious living spaces with open plan family and dining room and timber floors throughout. Large kitchen with stainless steel appliances and roll-down cafe style blinds on the back deck.
Separate laundry and bathroom. Ceiling fans and air conditioning, and 3kW solar power. The top level is spacious and suited the family living.
The 2 bedroom on the lower level is perfect for a couple. The tenancy features an open plan lounge area/ dining area and spacious kitchen. Recently renovated with a fresh, modern look featuring vinyl plank flooring, new bathroom, down lights, ceiling fans, and air-conditioning.
Separate from the home is a studio granny flat ideal for a couple or single person.
Modern kitchen and newly renovated laundry and bathroom. Tiled throughout, ideal for the Sunshine Coast climate the granny flat has great airflow. The granny flat features a single undercover carport.
The property is fully fenced with ample room for parking. Well-established gardens frame the property providing great privacy and aesthetic appeal.
Low rates and no body corporate make this property a great opportunity for an investor to purchase and start enjoying a return from day one with low overheads.
This Burnside investment is in great proximity to schools, shops, medical and all amenities which has found the property to be in high demand with tenants since entering the rental market almost 6 years ago. This is a great opportunity for an investor to walk into a turn key investment and start making returns from day one.
$625,000
