only 2.8x and no live onsite!
- Situated in one of Ipswich's prime locations with walking distance to East Ipswich train station and located close to Riverlink and Booval shopping centres, Medical precinct and located in the heart of Ipswich.
- Caretaking and letting agreement offer unparalleled flexibility, with no rigid office hours and no obligation to reside on-site. Current manager unit lease out at $370 per week which can contribute another $19k per year. The last 12 months actual net income is 74,340, however, include the manager unit rental income, it's over $93k income and sell at bargain price of $588,000 to make the return on investment around 16%.
- The workload manageable by one person. All front gardens of units are maintained by residents.
- Nice and large manager unit with 2 bedroom plus third room to use as an office.
- Fantastic body corporate manager and committee members to work with.
The total investment price is only $588,000 which is lower than average industry house price, however, it's with another $93k cashflow per year. What are you still waiting for this great opportunity, call exclusive agent, Celine to request the IM and book your inspection.
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