Four-Unit Complex in a Prime Red Hill Pocket

Comprising of 4x 2 bed, 1 bath, 1 car units, this apartment complex presents a superb opportunity in a sought-after precinct just 3.5km to the CBD.<br/><br/>Ideal for investors or your superannuation, this high-income-producing asset boasts no Body Corporate and a prime position with buses, cafes and restaurants within walking distance.<br/><br/>The solid building features quality brick construction with staircase access. Each apartment includes a combined living/dining area with a kitchen, 2 bedrooms with built-in robes, a central bathroom/laundry, and undercover parking for 1 car.<br/><br/>With all 4 units currently rented, you can start seeing immediate returns on your investment. For buyers wishing to capitalise further, there is potential to renovate the complex and generate higher rental income or redevelop the site (STCA).<br/><br/>Unit 1 – current rent $295 p/w – potential rent $450 to $460 p/w<br/>Unit 2 – current rent $325 p/w – potential rent $450 to $460 p/w<br/>Unit 3 – current rent $295 p/w – potential rent $450 to $460 p/w<br/>Unit 4 – current rent $265 p/w – potential rent $450 to $460 p/w<br/><br/>Current annual rental income – $61,360<br/>Potential annual rental income – $95,680<br/>Council Rates - $1,591.10 p/qtr<br/>Water Rates - $1,096.52 p/qtr<br/><br/>Perched in a quiet, leafy street, the units offer serene inner-city living just a stone's throw from amenities. Only 250m to Arthur Terrace Coffee Shop and 700m from Musgrave Road, featuring popular cafes, restaurants, Red Hill Cinema, medical centre, pharmacy and post office. The famed Paddington precinct is 1km away, boasting a wider array of supermarkets, shopping and dining hot spots.<br/><br/>Bus stops are 130m from the complex, and residents can walk to local parks, Broncos Leagues Club, Avenues Early Learning and Ithaca Creek State School. Just 3.5km to the CBD, 1.7km to QUT Kelvin Grove, 2.2km to Suncorp Stadium and close to renowned private schools – everything is close at hand.<br/><br/>Disclaimer<br/>This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.<br/><br/>Disclaimer: <br/>We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.