18 Wattle Street, Mossman, QLD 4873
- 8
- 4
- 4
Sold
Sold for $720,000 (Jul 21, 2023)
Freehold 4 Unit Complex - approx. 7% returns!
Investors take note! This tidy complex of four x 2-bedroom, 1-bathroom units have enjoyed a complete refurbishment & a whole new roof so all you need to do is sit back & enjoy the returns... The unique floorplan means that each unit has a slightly different floorplan, however all enjoy large bedrooms, an open plan kitchen/living room, undercover carport & a communal backyard. The property is very low maintenance & a great little earner.
Excellent, reliable tenants in each unit, totalling $1,290 per week. This is a freehold property which means ZERO BODY CORPORATE fees & the very low-outgoings mean EXCELLENT RETURNS for the lucky new owner.
Don't miss this, enquire today.
In brief:
- 4 x two bedroom units
- Very solidly brick construction with rendered brick walls internally
- New flooring throughout all four units
- New kitchens in all four units
- New roof on entire building
- Each unit has its own laundry area / mudroom
- Each unit has an undercover carport
- Council Rates approx. $8,600 per annum
Rental breakdown:
Unit 1: $320/wk (lease expires 03.04.24)
Unit 2: $300/wk (lease expires 30.01.24)
Unit 3: $320/wk (periodic lease)
Unit 4: $350/wk (lease expires 22.03.24)
Crunch the numbers
- this property is a golden goose!
Got a property to sell? Contact us for a free Request Appraisal
- Property ID: L21988612
- Property Type:Block of Units
- Carports:4
- Land Area:837 sqm
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R&H Suburb Summary | Houses |
---|---|
Number of sales | 37 |
Average Price | $434,799 |
Median Price | $450,000 |
Median Rental Price | $530 p.w. |
Change in Rental Rate (5yr) | 49 % |