Entry Level Investment with a Strong ROI% - Neat as a Pin..!
Welcome to 4/40 Hayes Street, Caboolture...
As you can see by the photos, this 3 bedroom, 1 bathroom unit forms part of a ‘Fourplex’ and is in immaculate condition for its age. Meticulously maintained by the both the owner and long term tenant, this would make the ideal ‘set & forget’ addition to any investment portfolio.
Features include;
> Air conditioned & carpeted lounge room upon entry
> Open plan kitchen with plenty of bench space overlooks the lounge room
> Spacious main bedroom with large built in robes & external access to the backyard
> 2 other bedrooms, one with a built in robe & one with external access to the backyard
> Sky-lit bathroom with shower, bath & vanity
> Separate toilet, double linen cupboard plus additional pantry or storage cupboard
> Window coverings & decorative cornice throughout
> Single lock up garage houses the laundry
The private backyard/ BBQ Area as well as the 3rd bedroom is what makes this unit unique compared to the others within the ‘Fourplex’. The others are only 2 bedrooms and don’t offer the same outdoor space making this rear unit the pick of the lot.
The unit is currently tenanted on a fixed term lease until August for $270.00 rent per week. Proving great value buying with a gross return on your investment (ROI%) of 6.13% at the asking price of $229,000. Due to a long term tenant being in place, this is considered a ‘discounted rent’.
For the new owner, to maximise your return after this current lease term you could easily achieve $280.00 rent per week (6.35% Gross ROI) especially due to the high demand for rentals in our current market.
You’ll be pleased to hear the body corporate fees are quite reasonable being approx. $540.00 paid quarterly, ensuring the yards and external maintenance is well taken care of as you can see by the photos.
Please be aware we will not be conducting open homes at this property. So if you would like more information or would like to arrange a private viewing of this immaculate unit, then be sure to call Scott Lachmund or Jarrod Willis today.
Act quick as properties with strong returns & in this affordable price range are not lasting long in the current market.
Caboolture
