If you fancy a nice little earner with potential to expand then this property with 3 apartments is an absolute rocket!

Live in one and rent out the others, or just rent out the three. With a current income of $875 per week ($42,000 p.a) this property spells out Potential with a capital “P”.

The block is huge with a Centre zoning on 1,442 m². The residences sit to the rear of the block and at the front there is room for ample parking for visitors or even another dwelling (STCA).

Unit 1 has been upgraded but, 2 and 3 do require some work but rent out quite well as is. With some cleaver renovating you could be adding to your income and increase the capital growth.

There are also seven external covered parking spaces, these could be upgraded into separate garages, workshops, storage areas or as commercial storage units (worth approx. $30+ each per week, that’s an added potential of $210 per week = $10920 p.a. approx.), or build another residence, all (STCA), this property is a license to print money!

This property consists of:

Unit 1 – 3 bed, 1 bath with separate toilet with an rental return of $360 p/w
Unit 2 – 1 bed, 1 bath with separate toilet with an rental return of $240 p/w
Unit 3- 1 bed, 1 bath with separate toilet with a rental return of $275 p/w

**** That’s a weekly rental ...