Price Undisclosed

5 Bed  •  2 Bath  •  2 Car  •  842m²

Main view of Homely semi-detached listing, 1 & 2/88 Little Street, Manunda QLD 4870
Second view of Homely semi-detached listing, 1 & 2/88 Little Street, Manunda QLD 4870
Third view of Homely semi-detached listing, 1 & 2/88 Little Street, Manunda QLD 4870
+15

Sold

1 & 2/88 Little Street, Manunda QLD 4870

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Price Undisclosed

  • 5
  • 2
  • 2
  • 842m²

Semi-detached Sold on Tue 7 May, 2019

What's around Little Street

Semi-detached description

“LOOKING FOR A DUPLEX? CONCRETE INVESTMENT”

Situated in a peaceful street and conveniently located just minutes to the CBD, this duplex is offered to the market for the savvy investor. On offer here is 2 fantastic individual units situated on a 842m2 block with minimal maintenance.

Unit 1 consists of a spacious kitchen with open plan lounge and dining room with air-conditioning and ceiling fans. Featuring 2 spacious bedrooms with built in robes, master with Air-con and ceiling fan.
Unit 2 is a fantastic size and offers 3 bedrooms, 2 with built ins and air con with the 3rd being an ideal office space. The unit has a neat kitchen, open plan living and dining and the added bonus of double gates to the backyard, allowing for extra car accommodation.

Both units are currently tenanted with unit 1 returning $280 per week and unit 2 $300 per week.
Buying this duplex is considered a good introduction to property investment since it usually entails a cheaper purchase price when divided by two than most units and you can easily monitor your property from next door.
With property prices at astronomical levels in some of Australias major capital cities, homebuyers are looking for alternatives to allow them to purchase a property in the area they want, but at an affordable price. One way to do this is to buy a duplex.
A duplex maximises the potential of the land without additional holding fees, insurance costs, council rates and other associated costs. It may also increase tax depreciation and returns on investment.
In essence, owning a duplex means owning two separate homes on a single block. Therefore, duplexes are widely considered high-growth and high-yield investments.
If you decide to have both properties rented, you can pick two income revenues and ultimately achieve positive cash flow and high-interest return over time. Duplexes often rent for a higher amount compared most units. On the other hand, if you plan to live on one of the properties and have the other rented out, you can use the extra money to pay off your mortgage faster.


* UNIT 1: 2 Bed, 1 Bath, 1 Car
* UNIT 2: 3 Bed, 1 Bath, 1 Car
* No body corporate
* Both units currently tenanted
* Set on a 842m2 block
* Fantastic investment opportunity

Land details

Area: 842m²

Property video

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Fourth view of Homely semi-detached listing, 1 & 2/88 Little Street, Manunda QLD 4870View more
Fifth view of Homely semi-detached listing, 1 & 2/88 Little Street, Manunda QLD 4870View more

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1 & 2/88 Little Street, Manunda QLD 4870
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