We own a block of 6 two bedroom units which we would like to sell off market.
Currently the building is a 2 storey walk up built in the early 70′s.
Three by 2 bedroom units per floor.
3 LUG + open parking.
We have upgraded all units with new kitchens, appliances, internal laundry, carpet/timber floating floors, wardrobes, paint, light fittings, blinds, new garage doors, paint external brickwork etc..
Units are currently rented between $420-$460 per week. UNIT 6 is currently on the rental market @ $450 per week.
Property is over 800sqm with R3 Zoning, FSR 1:1 and height limit 12m.
Would suit a Boarding House, Child Care or Long Term Hold.
Return is approx. $140,000 PA Gross.