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* FULL DISCLOSURE*
- 24 Ives Street has been under contract 3 times. All times, buyers have withdrawn due to building and pest. There are some vinyl planks in the property that haven't been sufficiently waterproofed. To bring this up to code, there is the option to either replace the
current tiles with waterproofed glue-down tiling (~$6,000 quoted) or to rip up the current planks and keep the old tiles as is (~$1,000 quoted). The first two reports showed previous evidence of termite damage in the roof, but live termites could not be determined as the roof on this property prevented access. The third building and pest came with the same outcome so the owner decided to open up the roof and allow building and pest inspectors to investigate further. No live termites were found. Previous damage is still there and it has been recommended to get a builder to assess these structural damages and replace the roof to prevent the issue of no access in the future. We have all the reports available to these damages can be assessed first before purchasing. Estimated at ~ $40,000 all up for total repairs. Price has already been accommodated for these works to be done so offers above $585,000 will remain firm. Ideal buyer would be someone with a building background or mates in the field that can assess/fix at a cheaper rate.
* FREQUENTLY ASKED QUESTIONS *
- Unit 1 has recently been fully refurbished and is renting for $430/week
- Unit 2 has just approved an applicant also for $430/week
- Combined income of $860/week
- Council rates are approx. $6,528 per year (for both sides)
- Insurance costs are approx. $2986 per year
- Down-pipes have recently been re-directed away from the home
Nestled in the heart of Kirwan, 24 Ives Street unveils a stunning duplex, a harmonious symphony of contemporary elegance and practical design. This dual-living haven features 6 bedrooms, 2 bathrooms, and 2 car spaces, thoughtfully distributed with 3 on each side. As the sun bathes the facade in warm hues, step inside to discover a sanctuary where modern luxury seamlessly melds with functionality.
An investment gem, this property promises an estimated rental yield of $800+ per week, enticing those with a keen eye for lucrative opportunities. One side of the duplex stands as a testament to refined taste, having undergone a complete transformation. Picture yourself in a kitchen adorned with the latest in culinary innovation, a bathroom that exudes spa-like tranquility, and interiors painted in hues that reflect both style and serenity.
Venture outside, and you'll find a touch of whimsy ? mesh screening doors that dance with the breeze, allowing you to relish the outdoors without the intrusion of buzzing visitors. Unit 2, a treasure trove of surprises, boasts a spacious 6x7m storage shed at the rear, a secret hideaway for all your belongings and more.
Beyond the confines of this chic abode, Kirwan beckons with its charm ? close proximity to schools, parks, and shopping centers, promising a lifestyle that's as convenient as it is vibrant.
This property is not merely a dwelling; it's a canvas upon which dreams unfold. Whether you're seeking a home with an income stream or a savvy investment that transcends the ordinary, 24 Ives Street is your gateway to a lifestyle reimagined.