This older style set of 2 x 2 bedroom flats in West End would be an exciting addition to any investment portfolio, they also offer an extended family a place to live with plenty of room to move!
One side is currently occupied and rented for $270 per week, so there is a ready-made income stream to help pay off the mortgage.
Total rental returns have previously been in the vicinity of $500 per week, however the owners have left one of the flats vacant for ease of inspection and to offer an owner occupier vacant possession to move straight in!
The property is set on a 1012 sq.m. fully fenced block, with plenty of room at the rear if you wanted to expand and build another dwelling out the back (STCA).
It offers the opportunity of strong capital growth in the future plus solid and consistent rental returns in the meantime!
Each flat has its own separate power meter, separate phone line, polished timber floors in the lounge, carpeted bedrooms, spacious kitchens and a dining space, plus the bathrooms are fresh and neat.
There is off street parking at the front of each flat, and a tiled front patio at the top of the front stairs, plus there is a shared laundry area at the rear of the property.
For a comprehensive VIRTUAL TOUR, genuine walk-through VIDEO TOUR and FLOORPLAN of this property, don’t forget to click on the links near the photos.
FLAT ONE:
* Located on the RHS of the property
* Polished timber floors to lounge
* Main bedroom air conditioned
* Separate lounge and dining room
* 2 built in bedrooms
* Great kitchen with bench space, cupboards and large pantry
* Spacious bathroom
* Dedicated (shared) laundry area
* Off street parking
FLAT TWO:
* Located on the LHS of the property
* Polished timber floors to lounge
* Comfortably air conditioned
* Separate lounge and dining areas
* 2 built in bedrooms
* Kitchen with electric stove and pantry
* Spacious bathroom
* Dedicated (shared) laundry area
* Off street parking
* Currently rented for $270 per week
The property has enough side clearance for future subdivision (STCA), it is a quarter acre and is located directly opposite Cutheringa Bowls Club in West End.
Each bathroom has a combination shower and bathtub with vanity, and toilet.
An astute investor will recognise the potential in this property, but it is also a property that an extended family can eventually move into – and the West End location is fantastic!
The owners of this property are serious about selling and will consider offers.
Don’t just add this property to your ‘watch list’ – inspect and make it your new home today!