Hi all
I have for sale a student accommodation property in a N/E suburb of Adelaide, the property has 8 bedrooms, 4 bathrooms & 2 kitchens and is council approved for 10 occupants, the rental return is $1,110 p/w and I am firmly asking $525,000. The house is FULLY furnished and has a Internet system. There is also a pool.
The costs per week to own the house besides interest is $300, includes the likes of all the normals like rates, insurance etc and also including, electricity, water, repairs, etc.
I have owned the property for 3 years and am looking at travelling for 15 mths so time to move on with this one. The property has been appraised and was listed with an agent at $550,000 however the agent was not that clued up to investments and returns.
If you require a fairly passive investment, a on site manager is available for cleaning etc
I am not an agent or anything, just wanting to offer it to people who understand returns etc
My thoughts are you could have a CF+ property and in a capital city as well.Thanks
Barry
Hi Barry
Sounds interesting, do you have any more info. Location, property age etc.
Cheers
SamHey Sam
The house is at Modbury Hts just off Ladywood Drive, so it is on a go zone to TTP and city, and woolworths is 1 block away. The house is 70's/ 80's built so no depreciation on build, however heaps on internals.
I take it your from Adelaide if you have further interest send me a PM through my username
Always interesting to meet and talk to other investorsBary
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