Sold
5 rentals for under $500,000
BJ Bennett & Co Real Estate Morwell.
The opportunity has arisen for the astute investor with the listing for sale of 4 brick veneer units and a solid 4 bedroom brick veneer home all on a double allotment.
The units comprise of two, two bedrooms units and two, one bedroom units all with carports and currently leased for $160 - $165 per week. The home is leased for $220 and has a lock up brick garage. On the block is a brick veneer 8m x 4m building that could be converted into a bed sitter for further income. Future rent increases are achievable.
With a gross income of $45,760 and a net income of approximately $36,000 it makes an appealing investment with a return of 7.2% (net) on the asking price of a negotiable $499,000. Call now to arrange an inspection.
Statement of Information
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Graeme Jarvie CEA (REIV) Managing Director
