Phone Enquiry Property ID: 1704 (Quote when calling or texting)<br/><br/>All Furniture and appliances included.<br/>Currently tenanted at 340pw, tenant keen to stay.<br/>Photographs depict apartment with all included furniture and appliances prior to current tenancy.<br/><br/>At this price its likely to produce a rental yield grater than 7%. Great for investor interested in a positive cashflow. <br/>Or comfortable for a owner occupier in a super-convenient location.<br/><br/>Positioned on the 4th floor, you will have a beautiful view Swan River from the living room and balcony.<br/>This is the perfect place to be if you need to be situated close to St John of God Mount Lawley Hospital as its only a 7 min walk (550m) and so is Mount Lawley Train Station (550m). <br/><br/>This apartment complex is situated amongst Mount Lawley beautiful streets lined with heritage homes. Safe for taking morning or evening walks. 250m from the river<br/><br/>Investment Data:<br/>Strata fees = $500 per quarter<br/>Council rates = $1300 per year<br/><br/>Gross Yield (annual rental income/mortgage) = (280*52.17/190,000) = 7.68%<br/>Net Yield (annual rental income - annual rental expenses/1900,000) = 2.6% - Positive Cash-flow (approx $95 income a week)<br/><br/>Major Renovations planned and already funded.<br/>*The special levis associated with the works have already been paid for this unit. Thus no special levis apply to this unit.<br/>- New lift<br/>- New roofing<br/>- New balustrades <br/>- New plumbing infrastructure<br/>Total approx renovations = $2 million
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