73 days on market
- Block Of Units
Whole Block of Flats Stones Throw from the Action
First time offered in almost 20 years! Welcome to this rare block of 4 flats located in a prime Stones Corner position on a 607sqm LMR zoned block only a short walk to everything that this popular sub.. Show more >
First time offered in almost 20 years! Welcome to this rare block of 4 flats located in a prime Stones Corner position on a 607sqm LMR zoned block only a short walk to everything that this popular suburb has to offer:
Some features include:
Flat 1: 4 bedrooms at the front over 2 levels with private balcony, internal lock-up garage and extra off street car space
Flat 2: Neat and tidy 2 bedroom top floor unit with modern kitchen, large bathroom and balcony landing
Flat 3: Ground floor 2 bedroom unit with generous main bedroom
Flat 4: Neat and tidy spacious 1 bedroom unit thats been modernized
Currently returning $62,400pa being $400pw, $280pw, $280pw and $240pw.
All flats have scope to do some work to improve the rental yield and may have potential to strata title and sell off.
The property is located only close to Old Cleveland Rd bus transit, Buranda train station, an abundance of local cafes and restaurants on the Stones Corner cafe strip, a walk to the PA and Greenslopes Hospitals, Easts Leagues Club, bike ride to UQ, and easy M1 access to the City.
Live in the 4 bedroom and rent out the rest? Investigate student accommodation for higher yields? Strata Title and sell? Or keep as a safe long term investment in a blue chip suburb.
Will be Sold! Show less