318 Waterloo Street, Frenchville QLD 4701
Collect around 6.5% yield NET – READ ON!
Magnificent return at $42,540 after rates and insurance.
Perfect for that portfolio
Around 320m2 under roof
2 separate buildings with 4 units in all
Rates are around $4000.00 per half year
Insurance is around $2500 per year
Total rent income at this point $1020.00 per week
2 long term tenants at $250 per week, rear units
Front units $260.00 per week – newer tenants
Units are brick with colour-bond roof
4 car undercover accommodation
Units need some love but are generally ok
Don’t miss this exciting opportunity to buy into Rocky’s growing market place. The same owner has owned this property since 2004, they were built in the 1980’s and are hardwood construction with brick veneer construction. HURRY on these ones they have an attractive return.