Mudgeeraba, Queensland

2.5 Multiplier. LIVE OFF SITE/ADD ON/ STEADY INCOME

Under Contract / Offer

Property Description

Add this onto your existing complex or have a steady income. Current income does not include any maintenance so there is upside there. There is also upside as there is 10 outside agents to get back into the letting pool. This lovely complex is situated near Schools, Restaurants, Doctors and near M1. Everything is there at your fingertips. All apartments have 2 carparks and a cage each with secure carparking. Apartments are never empty good tenants in place and placid BCorp Little gardening and easy to maintain. All units have views of the hinterland. This is a must inspect with a low multiplier just right to sell quickly. The current manager runs it by herself and also works part time. Managers pet is welcome. Live off site and rent the apartment out. The unit currently rents out for $300 a week and a night Manager lives in there.
45K net
15K managers unit rent
NET 60k

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $45,651 Remuneration / Body Corp Salary: $37,870

Managers Unit

Value of Managers Apartment: $360,000Bedrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 30Total Units in Letting Pool: 7Holiday Units: 7Owner Occupy Units: 12Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Marketing Agent
Listing location
Gallery

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