1&2/5 Barnes Place, CANNONVALE QLD 4802, Australia
New to the market this exceptional dual-income property, perfectly situated on a generous 800sqm block in Central Cannonvale. This partially renovated duplex has the potential for strong rental returns, ensuring immediate cash flow. Alternatively, it provides the perfect setup for multi-generational families, offering plenty of space for everyone to live comfortably together!
Duplexes are becoming more popular as a real estate investment opportunity among experienced real estate investors and as a reliable income generator for those looking to enter the real estate market.
Key Features:
-Potential Weekly Rental Income: Currently Unit 1 is rented for $420 / week and Unit 2 is vacant having just completed renovations. A current appraisal indicates a potential income of $960 per week for both units. Enjoy the added benefit of no strata fees!
Each unit offers the following:
– Three spacious bedrooms, balcony off the main bedroom
– One bathroom with shower and bath
– Open-plan kitchen, lounge, and dining area, perfect for entertaining
– Expansive fully fenced rear garden for outdoor relaxation, ideal for families and children to play
– Ceiling fans throughout
Property Highlights:
– No Body Corporate fees!
– Council rates approximately $3,372 per half-year
– Unit 2 has recently been completely repainted with new fans and lights and a kitchen upgrade
– The spacious block offers ample outdoor space, enhancing the appeal of both units.
– Close to local schools, shops, and transport links.
This dual-income property is a fantastic opportunity for investors seeking a well-located, low-maintenance asset with growth potential or for multi-generational families looking for extra space to thrive together. Don’t miss your chance to secure this valuable addition to your portfolio or family lifestyle!
