Set on a spacious 539m2 fully fenced allotment with medium density residential zoning, this property is the perfect inner city investment opportunity.
Offering incredible rental returns from three units, all with signed leases in place, this fantastic investment is cash flow positive (subject to lending personal position) and isn't one to be missed.
With the added upside of being zoned for medium density residential, this property offers endless potential for the savvy investor in an unbeatable location.
Further features include:
- 539m2 fully fenced allotment
- Medium Density zoning (residential)
- 3x Units (on one title) all rented with leases in place
- Modern renovations throughout
- Central location close to parklands
- Walking distance to the Light Rail Station and Southport CBD
Tenancy Breakdown:
Unit 1
- 2x Bedrooms, 1 bathroom, large backyard
- Rented at $450 per week until February 2022
Unit 2
- 1x Bedroom, 1 bathroom
- Rented at $290 per week until September 2021
Unit 3
- 1x Bedroom, 1 bathroom
- Rented at $300 per week until August 2021
Total rent: $1,040 per week
