Money Making Registered Flats

Description

This majestic lady hasn’t just had a facelift, she has gone the whole hog and had reconstructive surgery, so she looks fabulous both inside and out. Upstairs is a glorious 2 bedroom unit with new kitchen, new bathroom, polished wooden floors, new décor and modern window dressings.

Sounds good? Well it gets even better because you get 2 units for the price of one. This property is two registered flats and the downstairs received the same makeover including new flooring and built in cupboards. Now that is twice the potential.
To top it off there is a new colour bond roof, new plumbing, electrical and new paintwork both inside and out in a classic but modern pallet.

When the owners started this project they intended to keep this property as part of their super so they didn’t skimp on the renovations. This means you will be gaining a property in tip top condition only requiring minimal maintenance. The tenant’s love that it is only 100m from the waterfront and at the other end of the street is open parkland. Just open the windows to catch the gorgeous breezes or hang a hammock under the mango tree and relax.

The total rent is around $660 a week and there are also generous depreciation deductions which increase your cash flow even more. Even if you are a home owner this property makes good sense because you can live in one of the units and rent the other. This way the tenant is helping to pay off your mortgage. You will have no problems finding tenants because of the popularity of the location being near the water and the quality of the renovations.

Remember when you could have picked up a good property and didn’t? Well don’t let this pass you buy and phone today for an inspection.