2 Units Investment potential 4 Units Good Returns

37 Phillipson Road, Millchester


$320,000

House Beds: 4 Baths: 2 Landsize: 2021 Metres²

Overview

This well presented property represents a real Investment with a current return of $440 per week for the 2 units and with the potential of adding on two more units which would double this rental return. Total land area is 2021 m2. This opportunity won't last so do your sums and make an offer.

These solid and well built units each comprise 2 bedrooms with fully concrete driveway, individual carport and lockable garden shed and outdoor areas.

Both Units have reliable tenants who want to stay with long term leases in place.

Unit 1 is carpeted in the lounge/dining area and the bedrooms, the rest is tiled. The bedrooms are large and the Lounge/dining is a good open plan style with a neat kitchen adjoining. Kitchen is compact and functional with pantry cupboard, bench space and storage. Split system air/con in dining, ceiling fans throughout. Box air /con in main bedroom. Inside laundry, bathroom with shower and vanity, separate toilet. Outside there is a front verandah with lattice for privacy a great place relax and enjoy.

Unit 2 is exactly the same except it has tiles in the lounge and dining areas instead and it is fully furnished.

The gardens are mostly beautiful green lawn and good sized palm trees and looks very clean and neat. Lots of space and privacy. Area for visitor's cars near the front. Pop up sprinklers keep lawns watered. Fully fenced although this needs some maintenance.

There is a concrete slab for Unit 3 ready to build and an area on the right-hand side for the 4th Unit. Concrete driveway and car space already established for these additional units.

Good neighbors and a great location to many services. These units represent a solid investment and the potential for growth.

Details

Property ID : 61481700
Bedrooms : 4
Bathrooms : 2
Landsize : 2021 Metres²
Carspaces : 6
Price : $320,000
Property Status : For Sale

Location

Walking
Mobil (Fuel)
0.94km
13.1 mins
Charters Towers Excelsior Library (Library)
1.82km
25.3 mins
Charters Towers Police Station (Police)
2km
27.8 mins
ANZ Bank (Bank)
2.03km
28.2 mins
Whitehorse Tavern (Pub)
2.05km
28.5 mins
Commonwealth Bank (Bank)
2.07km
28.8 mins
Puma (Fuel)
2.16km
30 mins