Modest Outlay, Grand Return - $380000

Description

Investors take note, return of over 7%. This property is divided into 4x1 bedroom flats, each with lounge, Kitchen/dining, bedroom, bathroom/laundry and has the potential to strata (STCA). 3 Flats currently returning $340 p/w, with flat 3 recently painted inside, new carpet and blinds, returning $150 p/w, making it $490 p/w return. This would give you a return over 7% gross. Opportunities are there to upgrade the other 3 flats and get the same return as flat 3 for very little outlay. If you did this and achieved $150 p/w for all of them then the return would be around 9% gross. Be quick to enquire about this property. Enquiries To James Bird on 0418 219 883