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Step into a smart investment zone with this dual-income duplex - a practical pick for investors seeking a steady income. It's bringing in $420 per week right now, and we're here to break down the facts that make this property a solid choice for anyone looking for a straightforward and reliable investment. Let's explore why this duplex is a wise move in the world of real estate.
FOR THE INVESTOR
Fixed tenancies: 20/10/23 - 17/10/24 & 15/12/23 - 12/12/24
Total rent per week: $420
Rent return: 6.83%
Land: 1150sqm
Year Built: 1957
Equivalent main area: 192m2
Council Rates:
1 Bottomley Street - $2,337.39
40 Edinburgh Terrace - $2,314.90
Zoning: SN - Suburban Neighbourhood
Easements: No
Water available: Yes
Sewer available: No
This property, with its fixed tenancies, steady rental income, and essential details, presents a tangible opportunity for investors seeking a reliable and straightforward return on their investment. Dive into the numbers and the solid foundation of this duplex for a wise move in real estate investment.