Key Investment Insights
1. Five adjoining complexes with a large acreage, offering potential for growth and expansion.
2. Located in a prime location in Carrara, close to schools, shopping centers, and transportation.
3. Manager's apartment is a spacious and comfortable 3 bedroom, 1 bathroom unit with a separate office/reception area.
4. The complex is a mix of permanent and owner-occupied units, providing a stable and diverse income stream.
5. Net profit of $427,900 with a remuneration/body corp salary of $303,400.
6. Onsite management for all five complexes, providing convenience and efficiency for the manager.
7. Potential for growth and improvement through proactive management and marketing strategies.
8. Well-maintained and attractive complex with amenities such as a BBQ area.
9. Secure parking available for the manager.
10. Strong demand for rental properties in the area, providing a stable and consistent rental income.
Management Rights Multiplier: 4.43
ROI Estimate: 22.60%