16A & 16B Diosma Street, Rangeway
Offers Above $470,000
An unmissable opportunity to secure two duplex properties on separate titles, offered together as one investment package.
These solid brick and tile homes share a central wall and are positioned on generous adjoining blocks, each with its own street frontage, driveway, and utility connections – making them ideal for investors seeking dual income with minimal hassle.
Both homes are currently tenanted on periodic leases at $320 per week each, providing a combined rental income of $640 per week, which equates to a gross rental yield of approx. 7% at the list price. Rent review due in October.
Each property includes:
• 3 bedrooms, 1 bathroom
• Open-plan kitchen and living areas
• Tiled flooring to high-traffic areas
• Spacious, fenced backyards
• Off-street parking
• Low-maintenance layouts with potential to modernise further
Set in a convenient location close to schools, shopping centers, transport routes, and parkland, these properties offer strong rental appeal and great long-term value.
Outgoings (combined, both properties):
• Council Rates: approx. $850 per quarter
• Water Rates: approx. $144.84 per quarter
• Total Combined Outgoings: approx. $994.84 per quarter
With the sellers motivated and priced for a quick sale, this is a rare chance to secure a ready-made income-producing asset.
For further information or to register your interest, contact Will McKenzie on 0419 919 590.