7 Units on 1 Title - $1500000

Description

This is a fantastic investment opportunity. On offer is 7 units in a building with 1 title, even better is that it is only 1 block from the Broadwater. Unit 1: is a modern and trendy 2 bedroom unit with large ensuite, spa bath, large deck with bbq facilities, polished floors, high ceilings. Unit 2: is a standard 2 bedroom unit. Unit 3: is a 2 bedroom unit, freshly painted and features polished floors. Unit 4: is a standard 2 bedroom unit Unit 5: is a standard 2 bedroom upstairs unit at the front. Unit 6: is a standard 2 bedroom unit Unit 7: is a 2 bedroom unit with a larger bathroom featuring a spa bath. There are shared laundry facilities with a pay per use machine. There is also plenty of parking for the residents, a downstairs workshop, a tool room, large aviary with cockatiels, fishpond and two storage sheds. Rent return would be approx $270 p.wk for 5 of the standard units and $285 for unit 6 with the spa and $300 for the modern unit 1. Council rates on this property are $2,413.13 per 6mths after discount. Some quick figures for you: Rent Return is approx: $100,620 p/a Council Rates: $4,826 p/a Property Mgment Fees: $7,020 Maintenance at 2% approx: $1,872 = Return at 5.79%