Attention investors! A prime opportunity awaits at 862 South Pine Road, a purpose-built duplex offering an exceptional return on investment. Marketed exclusively by Justin Hicks, this property features an over-and-under duplex with a three-bedroom, two-bathroom unit upstairs and a two-bedroom, one-bathroom unit downstairs. With a potential rental income of over $1,000 per week, this property is an ideal addition to any investor's portfolio.
Property Highlights
- Upstairs Unit: A spacious three-bedroom, two-bathroom unit currently rented for $550 per week until 10/08/2024, then $585 per week till 10/08/25. This unit includes three living areas, modern finishes, and a secure double garage.
- Downstairs Unit: A well-appointed two-bedroom, one-bathroom unit currently rented for $385 per week until 04/11/2024, with a rental appraisal of $425-$450 per week. This unit offers a private entrance and ample living space, perfect for attracting quality tenants.
Investment Benefits:
- High Rental Yield: Achieve a robust rental return exceeding $1,000 per week, providing a steady income stream and helping to offset mortgage repayments.
- Separate Entrances: Each unit has its own entrance, ensuring privacy and independence for tenants, which enhances tenant satisfaction and retention.
- Quality Finishes: Both units feature modern, high-quality finishes that attract premium tenants and reduce maintenance costs.
- Ample Parking: The property includes a remote double garage with rear garden access for the upstairs unit, street parking options for the downstairs unit.
- Convenient Location: Situated near local schools, the CBD, and Everton Park Plaza, this property is in a desirable location that appeals to a broad range of tenants.
Current Tenancy Details:
- Upstairs Unit: 3 bedrooms, 2 bathrooms, 2 garages-currently rented for $550 per week until 10/08/2024, then $585 per week till 10/08/25
- Downstairs Unit: 2 bedrooms, 1 bathroom-currently rented for $385 per week until 04/11/2024. (Current rental appraisal: $425-$450 per week)
This property is ready for investors seeking a low-maintenance, high-yield investment. Don't miss out on the opportunity to secure a solid investment in a sought-after location.
Contact Justin Hicks today to arrange your inspection and learn more about this outstanding investment opportunity at 862 South Pine Road.
"All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries."
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