Two houses - one section 8% yield
These kind of opportunities are few and far between. Sitting all on the one title is a solid 2 bedroom home with a studio and good sized garaging and at the back of the property is a self-contained single bedroom home.
This is a home and income with fantastic yield and also an opportunity to potentially add a bit of value with a quick tidy up too. The 2 bedroom home has recently been re roofed and features two living areas all heated by a log fire. The minor dwelling is a one bedroom home with a nice private backyard. Both of these homes are generally tidy, however both could perhaps use a paint throughout to freshen, and a tidy up of the grounds.
Current rental return by long term tenants of $400 p/w. There are options galore here, keep it as investment or live in the front house and rent the back home?.
Fantastic opportunity to add value with a tidy up and in an excellent location.