A rare opportunity in sought-after Parkvale, this unique property features two separate homes on a generous 809m2 subdividable section (Subject to council approval), offering exceptional flexibility and strong income potential.
Comprising one two-bedroom home and a separate one-bedroom dwelling, divided by two carports, this property is ideal for investors, extended families, or buyers looking to rent out both, live in one home while renting out the other.
For example, with a combined current rental income of $990 per week or $51,480.00 per year
Based on the figures below, this property offers potential gross yields of approximately
7.50% = $686,400 (Purchase price)
7.25% = $710,068
7.00% = $735,428
making it an attractive addition to any investment portfolio.
Properties offering this level of versatility and income potential are hard to find, so don't miss your chance to secure this fantastic opportunity.