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- Floorplan
- Description
House in Ashgrove
LOOKING FOR A CASH COW? 6.06% RETURN!
- 4 Beds
- 3 Baths
- 2 Cars
This brick home was strategically renovated to offer two separate rental dwellings, with the potential of a third (3 income streams):
1. The original house offers three bedrooms, a large kitchen, dining, lounge and bathroom areas.
2. A studio apartment with it's own entry and bathroom - an easy to add kitchenette will create a separate self-contained flat
3. Downstairs is a spacious one bedroom with it's own living area's, kitchen and bathroom. There is also a covered garage area which could be used for either a car, storage or another living/entertaining area. This is not legal height.
The current owners rent the upper section out singly and achieve $540/week. The downstairs self contained unit is tenanted for $275/week, making a grand total of $815/week. This equates to $42,380/year.
Recent works have seen the house painted and a new roof which cost $27,000. The home offers solar heating for the water, a 10m pool, court yard area's and enough grass for the tenants to entertain. The property is not separately metered.
Must be sold!
- Air Conditioning
- Built-In Wardrobes
- Close To Schools
- Close To Shops
- Close To Transport
- Double Garage
- Garden
- Pool
See all features
727m² / 0.17 acres
4
3
