Description
Imagine the thrill of an extra salary flooding into your life! Your shortcut to retirement begins here with an astonishing cash flow opportunity! Brace yourself, because this property, currently leased for an incredible $1070 per week, is not just an investment– it's a game-changer! Price guide from $535,000.
Act Fast!
Reach out to Jade Shani immediately, and secure your future before it's lights out for this opportunity.
Dive Into the Ultimate Cashflow Wonderland!
This property operates under a House of Multiple Occupation (HMO) agreement, with each bedroom fetching $180 per week, and the smaller study also leased out at $170 per week (Total $1070 weekly income) The savvy investor's dream, this goldmine is self-managed by the current owner, complete with written agreements for each tenant. Picture the possibilities as you step into a world of financial abundance! The lodger agreements are periodical by nature with 90 days notice being required to make any changes to the agreements, this includes rent increases or notice to vacate and 28 days notice for the lodger if they wish to vacate.
About the Tenants:
The 6 tenants are all Fly-in-Fly-out workers (so they are not all at home all the time) many of whom have lived at this residence for more than 2 years. They have been filling any vacancy in the home with someone known to them keeping this harmonious household always fully occupied.
Location:
Located close to many amenities including, Kwinana Market Place, Private and Public Schools, Child Care, Train Station, Freeway access & Park Lands.
Beautiful local beaches just 8 min drive.
The House:
This is an unusually large home of 5 bedrooms, 2 bathrooms, family/dining room, lounge room and smaller bedroom/office. Most of the home is with laminated wood flooring, with tiled wet areas. Note the agreements with the tenants does not allow access to their bedrooms so any video walk through etc. will not include the inside of the bedrooms unless the tenant is home and the rooms open but will include the common areas.
Outside:
Property is set up specifically for lodger agreement purposes with lots of parking and storage.
At the back of the block there is a LARGE Shed which has drive through access from Isaac way. This shed is providing secure storage for up to 4 cars. Additionally there is 2 car carport accessible from Bright road. There is 2 outdoor patios, one coming off the shed and one coming off the kitchen/family room.
The financials:
$55,640 gross rental return per year
$1980 aprox council rates per year
$956.90 water rates per year
Notes for the New Owner:
White goods and furniture will be included in the sale. These items will need to be maintained by the new owner.
(For example if the washing machine, or fridge stops working its the landlords responsibility to fix or replace)
Electricity, Water and Internet is included for the tenants within their rent HOWEVER there is a huge 20kw solar system to offset electrical expenses (could be further improved by a battery system) and the property also has a bore which is set up for internal household use such as toilets and showers however its NOT currently in use as some sediment was coming through so its currently on mains water. The bore may need to be extended to go back to using this system for general household use and wont be warranted as working by the sellers.
Do not delay in expressing your interest or making an offer as many homes are going under offer fast. If you would like to receive a video walk-though of this home please message Jade Shani on Whatsapp 0401 522 584.
While all details listed are presumed to be correct at time of publishing, Buyers must perform their own due diligence.
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