605k Duplex with $14,800 cash flow
$605,000
We recently secured this Dual Occupancy property for a client to add to their property portfolio.
This one was purchased off-market for 605k and rents for up to $700 per week which is a rental yield of up to 6.01%.
These properties brand new are selling for $780,000+ (At 605k we're buying below replacement cost). AND it's $70,000 under comparable available properties in same location.
This property is only 4 years old, which means there is some great tax depreciation benefits of around $6,000 - $10,000 per year on this one.
It has 5 bedrooms, 3 bathrooms, 2 car garage & 2 car ports in total on a beautiful 680 sqm corner Block.
We are just 30km to Brisbane CBD, in a major growth corridor. The property is in a great area with shops, schools, transport and major infrastructure within close proximity.
Being only 4 years old, this one is incredibly low maintenance and offers some lovely modern features.