CASHFLOW POSITIVE - With 2 additional dwellings, this could be CASH POSITIVE by up to $700 per month.
The existing house (4 beds, 1 bath, 2 car parking spaces) is ready to rent out immediately for $230-$330 per week.
As mentioned above, it comes with a newly approved DA including construction plans to build 2 added dwellings on to the block. Rent the 2 x proposed dwellings for $260-$280 per week EACH.
This property is in a PRIME POSITION close to Loganlea Schools, University, TAFE, Woolworths and Hospital.
The existing house is a 4 bedroom home with 1 bathroom and space for 2 cars, and nicely positioned behind a private colorbond fence.
Build 2 x dwellings for approx $260,000 (depending on your preferences and inclusions).