Attention investors and landlords – here is a prime investment opportunity for you.
4 x 2-bedroom units in the heart of Mossman, currently rented out for between $250-280/week.
2019 – Recent renovations include replaced guttering and downpipes, verandahs, balconies and stairwell flooring repainted. Complete refurbishment of Unit 2 including repainting, new flooring, new light fittings, fans, oven and toilet. Unit 3 has also received a revamp with new vinyl plank flooring, repaint and new toilet.
Set on 730m2, located directly opposite the Mossman State School and only 100m from Front Street, this property is an easy walk to all the shops, cafes and services of Mossman.
The solid construction is one of the stand out features of the property along with the retro style architecture with high ceilings which allows maximum air-flow. There is a lot of potential in renovating and increasing the value of the property. There are two apartments located on the first floor and the top floor apartments are accessible via the internal stair case.
Summary
Current total rental income $1,080 per week = $56,160 per annum @ 100% occupancy
**Less Council Rates: $7,200 approx
**Nett Income = $48,960 approx