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This is the investment property buyers dream of, with a dual income stream for one purchase price! Long term tenancies in place.
It is located within a pensioner village in a quiet street with an onsite resident manager and communal areas. Small complex of 32 furnished units. And only a short walk to the train station and local shops. This property really is a "set and forget" and let your retirement fund grow.
* On-site undercover parking
* Both units are lowset
* Ceiling fans + Reverse cycle air conditioning (in one unit) - year round climate control
* Combined lounge dining areas
* Blinds and curtains throughout
* Vinyl floor in kitchen area
* All bedrooms carpeted
* Security screens
* Resident manager
* Quick access to bus stop & Train Station
* Landscaped gardens
* Parklands and town pool also in walking distance
The costs involved are:
- 2 units on one title means the outgoings are a combined cost.
- Body Corporate Fees - $10,500 approx per year
Logan City Council Rates including water $4300 approx per year
Property size is 68 m2 and built in 2002
Income:
Both units combined estimate - $25,480 per yr ($490 per week)
Leases - both properties are on fixed leases
These properties certainly make sense as well as $$$, where else can you get a % return like this?
Short drive to Logan Hospital. 30 minute drive south of Brisbane and 30 minutes north of the Gold Coast.
With Only One Thing Left To Do... That Is Beat The Crowds!!!