What a find, an investment opportunity with long term tenants, a gross return over 7% and it is close to schools and Wauchope’s CBD. The package includes a 3 bedroom home and a separate new 2 bedroom home sitting on a 1012sqm gently sloping block. Both are leased and managed, just collect the rent.
The home is a neat and tidy, older style fibro clad cottage, has 3 bedrooms, a formal lounge, a modern kitchen with a combined dining area and a renovated bathroom. The 2nd home, is new, has 2 bedrooms and an open plan kitchen, dining and living area. Combined current rent is $710.00 per week.
Compare this to bank interest and talk to your accountant-then book your inspection.