CASH FLOW POSITIVE - $300000

Description

Here is a real opportunity to purchase a block of flats which geared correctly can produce cash flow. Tidy concrete block constructed flats each with carport and elevated north living. 2 x 2 bedroom units and 3 x 1 bedrooms units returning $610 a week in rent. There is also a large communal laundry with industrial washing machine, tidy grounds and a large concrete parking area. The tenants have a history of staying for prolonged periods.