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9 Alba Street Innisfail QLD Aus
HOUSE & UNIT - CASH FLOW POSITIVE

$185,000

ID : 124764

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Published :

Looking for an investment that is CASH POSITIVE ?

This property has the potential for well over a 12% NET RETURN

Two dwellings for the price of one on 1/4 acre (1012m2) corner block perfect for the savvy Investor or big family. This cash flow positive property has a three bedroom house and a two bedroom unit, both dwellings are fully air-conditioned with modern kitchens and plenty of parking with a fully undercover two-car carport and entertaining area as well as a high-clearance two-car open carport (perfect for boats, caravans, trucks)..

3 BEDROOM HOUSE:
-2 bathrooms (one bathtub), 1 toilet, separate shower
– two large box air-conditioners
– polished wood floors in bedrooms
– ceramic tiles throughout remainder of the house
– ceiling fans throughout
– built-in robes to ceiling in 2 bedrooms
– Large laundry room
– undercover parking
– external TV antennas and connections for cable TV
– Currently renting at a discounted rate of $285 per week
( Fair Rental on the house would be $320 – $340 per week )

2 BEDROOM GRANNY FLAT
The Granny flat is a separate stand-alone dwelling
with separate electricity meter, separate water meter & wheelie bins
Currently vacant due to selling,
( Fair Rental on the Granny Flat would be $240 – $260 per week.)

Just do the figures above, this property could be getting $500 pw – $600 pw

– split system air-con in living areas
– box air-con in master bedroom
– fly screens
– ensuite, cast-iron bathtub, and matching pedestal cast-iron vanity basin
– built in mirrored sliding doors on robes – to ceiling
– pure wool carpet in living room
– built in timber corner wall shelving/unit in living room
– both bedrooms carpeted
– external T.V Antennas & connections for cable TV

Live in one rent the other, or rent both for a ridiculously good return and let the tenants pay the mortgage with extra cash left over for a rainy day.

THE PROPERTY
– 1.5 kms from Innisfail CBD
– On bus route
– Two street access ( The Highest Block in the Street )
– Fenced

RATES $5,400 per year

5 Beds
3 Baths
4 Parking

Features

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