Key Investment Insights
1. Prime location in close proximity to popular tourist areas and public transportation.
2. Manager's unit with 2 bedrooms, 1 bathroom, and 1 car space included.
3. Low net profit of $40,000 and remuneration/body corp salary of $31,200.
4. Manager's apartment valued at $360,000.
5. Complex consists of 20 units with 8 units in the letting pool.
6. Potential for growth and improvement with the right management.
7. Ideal for someone looking for a smaller, more manageable complex.
8. Opportunity for hands-on management and personal touch.
9. Price has been reduced, making it a great deal for potential buyers.
10. Contact information provided for easy inspection arrangements.
Management Rights Multiplier: 1.75
ROI Estimate: 57.14%