• $750000

20 Birribi Ave, Nerang QLD 4211, Australia

Nestled on a big level block beside the Nerang River and close to the CBD with two homes on one title under one roofline and with long term tenants, presently returning $900 per week.

 

3 bedrooms and 2 bedrooms, each metered separately, making it an ideal investment and easy to convert back to one large home if needed. Great value!

 

Home 1: Tenanted at $380p.w

 

• Two Bedrooms; en-suite and walk through robe to main

 

• Upstairs lounge with study nook and balcony

 

• Open kitchen adjoining large dining and family area downstairs with powder room and shower

 

• Air conditioning

 

• Double carport plus low maintenance covered front patio area

 

• Lot Area approx. 192m2 – Two story dwelling

 

Home 2: Tenanted at $520p.w

 

• Three Bedrooms

 

• Main Bathroom and laundry

 

• Open plan living, high pitched ceilings and air conditioning

 

• Huge tri-steel LU work shed and covered outdoor living area

 

• Lot Area approx. 780m2 – SIngle level dwelling

 

• Updated Rental Appraisal – $450 + $600 = $1050 per week

 

If renovated, potential return would increase significantly.

 

Land and Location:

 

• Large level 972m2 lot overlooking Nerang River

 

• The property is NOT in a floodplain, please refer to local government overlay maps in link

 

• Short walk to Nerang CBD, schools, parks and all town facilities

 

A brilliant investment!

 

Viewings available at our scheduled Open Houses every week until sold.

 

Building and Pest Report Available on request contact Andrew