Usher developed townhouse complex with high net income and low end multiplier! | Resort Brokers ID : MR006498
Ideal permanent established management rights businesses with high net income that would suit a husband & wife operator or a management team. The complexes offer affordable townhouses that are extremely attractive to tenants and are always in high demand.
- 114 units across the two complexes producing a solid $382,120 net income
- 101 units in the letting pool with some outside agents to lure back offering upside
- Griffin Outlook features 100% investor profile and extremely low caretaking workload, an ideal 37 unit add on!
- Both complexes developed by Usher
- Manager friendly agreements and caretaking equipt owned and serviced by the BC
- Low rents make for high occupancy and your pick of quality tenants
- Very reasonable multiplier for permanent management rights of this size and scale with 15.5% plus ROI
- Property inspections are by appointment only
Date updated: 18 Nov 2020 01:00:04
Net Profit: $382,120 Remuneration / Body Corp Salary: $151,493
Managers UnitValue of Managers Apartment: $430,000Bedrooms: 4Bathrooms: 2Office: On Title
Complex InformationComplex Type: PermanentTotal Units in Complex: 114Total Units in Letting Pool: 101Holiday Units: 101Owner Occupy Units: 6Outside Agent Units: 7Agreement Term Remaining: 25 years