Rare Opportunity to Make CASHFLOW and CAPITAL GROWTH!
5 Contact Agent, Algester, QLD 4115
6 bed3 bath5 car
BLOCK OF 3 UNITS SOLD AS A WHOLE. Rarely does a BUY like this become available!
Situated in the heart of Algester 4115, EACH UNIT offers (see floor plan): * 2 bedrooms with built-in-robes * main bathroom * kitchen with natural gas cook top * combined meals and family areas * laundry * carport * small patio * courtyard
Courtyards are private areas with Unit 1 having the biggest courtyard, followed by unit 2, then unit 3.
The carport (3) is shared and there are also visitors car parking for two (2).
Each unit is finished with: * air conditioning * security screens to doors and windows * hot water serviced by natural gas * perimeter fencing
INVESTOR'S CORNER No Body Corporate fees Units have not been strata titled and sold as one (1) title Land size 830M2 Owner organises for mowing twice per month in summer and once per month in winter ($60 each mow) No easements Block of units faces north Built in 1989 with rendered brick and colorbond roofs Property is professionally property managed by an agency Each unit is leased at $310 per week (total of $930 per week rent) Brisbane Council Rates $1,095 per quarter Urban Utilities $180 per quarter + consumption ($585 last quarter) Property is Water Efficient and tenants are charged for water consumption Property is smoke alarm compliant
PUBLIC TRANSPORT 100 metres to bus routes P129, 130 131, 135, 136, 829 Access to three (3) Train Stations within 4kms - Sunnybank Station, Runcorn Station and Banoon Station Access to Logan Motorway and Gateway only 5 mins drive
SHOPS & SERVICES 100 metres to local Ridgewood Shopping centre (bakery, asian supermarket, medical service, pool care and more); and only 2-5kms to Central Park Shopping (Post Office, liquor store and more), Drakes Shopping Centre; Calam Central and Sunnybank Hills Plaza.
SCHOOL CATCHMENT ZONES This property is in the catchment zone for excellent schools at Algester Primary School and Calamvale Community College. Additional schools in the local area include St Stephen's Catholic Primary School, Wisdom College, Stretton State College.
This property will suit an investor who is looking for positive cashflow AND capital growth. Algester's median price is $505,000 and still has room to grow to catch up to it's neighbouring suburbs of Calamvale, Parkinson and Sunnybank Hills.
Call for further information and inspections are by appointment.