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SOLD
It's not pretty, and needs work, but this is a superbly positioned duplex, right near the river in Dovedale. Both sides are 2 bedroom, 1 bathroom with lock up garaging. Currently returns $360 per week total (2 x $180). An excellent high returns investment with lots of potential for growth through renovation to increase rental value. One tenant in place till April 2012, the other on an expired lease. The asking price is negotiable, but even at full price it is an attractive gross return of over 7.4% on outlay. Owner needs to sell ASAP - What is your offer?
Rates: $2390 p.a.
Land size: 551 sqm