Attention investors & landlords – here is a prime investment opportunity for you.
4 × 2-bedroom units in the heart of Mossman, currently rented out for between $250-280/week.
2019 – Recent renovations include replaced guttering & downpipes, verandahs, balconies & stairwell flooring repainted. Complete refurbishment of Unit 2 including repainting, new flooring, new light fittings, fans, oven & toilet. Unit 3 has also received a revamp with new vinyl plank flooring, repaint & new toilet.
Set on 730m2, located directly opposite the Mossman State School and only 100m from Front Street, this property is an easy walk to all the shops, cafes & services of Mossman.
The solid construction is one of the stand out features of the property along with the retro style architecture with high ceilings which allows maximum air-flow. There is a lot of potential in renovating and increasing the value of the property. There are two apartments located on the first floor and the top floor apartments are accessible via the internal stair case.
Current total rental income $1,080 per week = $56,160 per annum @ 100% occupancy
Less Council Rates: $7,200 approx
*Nett Income = $48,960 approx
|R&H Suburb Summary||Houses|
|Number of sales||29|
|Median Rental Price||$350 p.w.|
|Change in Rental Rate (5yr)||6 %|
|R&H Suburb Summary||Units|
|Number of sales||1|
|Median Rental Price||$260 p.w.|
|Change in Rental Rate (5yr)||25 %|