51 Darra Avenue, Darra
Sold for $ 485,000
Great Return, plus Potential!!! House - Property ID: 832711
This has to be one the best buying opportunities in Darra, set on a massive 1287m2 block and currently earning $480 per week gross return, is this solid concrete block and tile property.
Comprising a 2 bedroom unit and a one bedroom unit and currently rented out at $250 and $230 per week respectively, on lease until February and April 2016 and with the possible potential to subdivide (subject to BCC approval) has this well located property showing potentially outstanding returns.
Unit 1 (2 bedroom) has a tiled living room, tiled Kitchen and laundry combined, large fully tiled bathroom, carpet in one bedroom, tiled in the main bedroom (large) and some rooms have ceiling fans.
Unit 2 (1 bedroom) has a small study nook, large family/dining room opening onto the Kitchen, fully tiled, large main bedroom with air conditioning and is also fully tiled.
Situated only a short walk from the Darra Train Station, Shops and Bus Stops, makes for convenience and easily rentable homes, each with potential for higher returns with some renovation or continue to rent as is, and explore the potential to subdivide.
With the block dimensions of 17 metres x 75 metres deep and the existing building located towards the front allows for multiple uses for the rear yard.
Good investment opportunities are hard to find, especially in Darra, call me now to get an information sheet on this unique property or to secure your opportunity to offer.