Unique Opportunity With Incredible Rental Yield!

This is one of the most unique homes I have ever sold and an incredible opportunity to combine the level of rental income usually reserved for apartments and commercial property while also achieving potential capital growth of a residential home in one of Brisbane's most sought after suburbs. <br/><br/>49 Grange Road, a council approved rooming accomodation house, consists of 6 bedrooms, 4 bathrooms, 2 kitchens plus 2 kitchenettes, 4 living areas and 3 outdoor spaces. This large 254 sqm home is currently home to 5 separate tenancies, with a current rental income of $69,680 and potential to increase to over $75,000 (based on market rates) <br/><br/>This home has been upgraded over time including a full renovation downstairs in 2017, new roof in 2020 and addition of a massive 13kW and currently houses 5 long term tenants who are reliable and clean making it a perfect set and forget investment opportunity. <br/><br/>Property Features<br/>- Situated in a convenient spot in sought after Grange (which has had close to 70% price growth over the last 5 years)<br/>- Property is sold furnished (full list of furniture in the information kit)<br/>- Large 254 sqm home inclusive of 6 bedrooms, 4 bathrooms, 4 living areas and 3 outdoor spaces<br/>- Off street parking (uncovered) for 2-3 cars<br/>- Massive 13.5kW solar system<br/>- Brand new roof in 2020<br/>- Lower level fully renovated in 2017<br/>- Incredible investment opportunity combining both cash flow and potential for capital growth<br/><br/>Location Features<br/>- Located in the sought after Wilston State School Catchment<br/>- Five minute walk to Lanham Park and 15 minute walk to the Kedron Brook<br/>- A short walk to Grange Library and various local shops/cafes<br/>- Twelve minute drive to Brisbane Cbd<br/>- Ten minute drive to Westfield Chermside