This is the investment property buyers dream of!
It has dual incomes streams for one purchase price.
Long term separate tenancies in place. It is uniquely located within a pensioner rental village in a quiet street with an onsite resident manager and communal areas. Small complex of 32 furnished (partly) units set in landscaped gardens. 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 both units - 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
* Parklands and town pool also in walking distance
The costs involved are:
- 2 units on one title means the one purchase price and outgoings are a combined cost.
- Body Corporate Fees - $2,625 approx. per 1/4
- Logan City Council Rates including water $1,075 approx. per per 1/4
Property size is 68 m2 and built in 2002
Income:
Both units combined - $25,480 approx. annual income (weekly $245 per unit)
Leases - both properties are on fixed leases
These properties certainly make sense as well as $$$, the return will be much better than the interest the bank is offering for you money at present.
Short drive to Logan Hospital. Only a 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!!!