2/53 Porter Street, Salisbury SA 5108

If you are looking for a positive geared investment at a very reasonable price, you will be hard pressed to find better than this beauty. Although it is quite lettable in its current state, a renovation requiring a relatively small investment, would reward you with a higher rental yield and valuable annual depreciation opportunities. For example, after the total of the purchase price and expenses plus renovation costs are paid, it will still show an exceptionally good, positive cash flow, even on a 100% lend.
Some of the many great features of this property are :
• Situated in a Small Group of 3 Units
• Solid Double Brick Construction
• 2 Good Sized Bedrooms
• Large ?Eat In? Gas Kitchen
• Very Spacious Living Area
• Split System Reverse Cycle Air Conditioning
• Private Rear Yard
• Undercover Parking
• Located close to Salisbury Centre and Parabanks Shopping Centre.
If there wasn?t a rule forbidding agents from purchasing their own listings, I would be adding this to my investment portfolio! Call now ? you will need to be quick.