1 and 2/34 McBride Street, Kirwan QLD 4817

FULL DUPLEX - MONEY MAKER with amazing returns
Don't negatively gear...this place will make you a profit!
Nothing to do, it is managed by local managing agent.
Currently leased to good tenants with long lease.

Financials:
Excellent investment. Low maintenance.
Gross rental yield: 7% Net rental yield about: 4.5%
Manage it yourself and make even more.

In and out:
Rental Income $270 x 2 ($540 pw, $28,080 pa)
Rates and water $5,287 pa total
Insurance $1,627 pa total
Regular expense (lawns etc) $500 pa total
Management fee (agent) $1887.60 pa
No body corporate fees

Property:
2 x bedroom duplex
6 x split system aircon
FTTP NBN connected
High set, concrete posts, fibreboard exterior and plaster internal
607 sqm land on one title
One water meter
Two electricity meters
Properties are separated by a fence for privacy
Large back lawned garden
Undercover parking

Tenancy:
Managing agent – First National Nicholson Kirwan
Management Fee: 8.25%
Existing tenants
Both on 12 month lease

Both units have had over $10,000 spent on the interior (floor polishing, full paint, switches and fittings, air con, fans, etc). Has had a good history of long-term, quality tenants.

Spacious high set Queenslander duplex with large yard. Located in a quiet and safe neighbourhood in the popular suburb of Kirwan. Fully fenced and pet friendly.

Both units are two bedroom with one bathroom and separate toilet. Like new inside - Freshly painted throughout. Polished timber floors. All new fans, lights, light switches, plumbing fixtures. Both units have three split system aircons. Undercover car accommodation, plenty of room under the house for a handy man or traddie. Property is connected to the NBN.

Fully fenced and private, good sized rear yard with well maintained lawn and gardens.