9 Income Stream Opportunity
Own this exceptional income-generating property in Mt.Victoria, comprising 9 fully self-contained 1-bedroom studio apartments. Each apartment averages $530 per week in rent, inclusive of electricity and Wi-Fi, ensuring a consistent income flow.
Strategic location which is walking Distance to City Amenities and Transportation and furthermore there are 5 Carports, 2 Garages, Manager's Office/Workshop, and 6 Storage Lockers.
Unleash Future Development Potential:
This property holds immense potential for future development, subject to council permits. Explore options to maximize its value:
Convert to Short-Term Rentals: Cater to tourists and business traveller's through platforms like Airbnb, potentially increasing revenue.
Expand and Redevelop: Consider expanding the building's footprint or redeveloping it into a mixed-use complex, boosting property value and rental income.
Creative Redevelopment Ideas: Transform the property into a co-living space, a student dormitory, or a boutique hotel, targeting specific demographics for higher returns.
Don't miss out on this prime investment opportunity with exceptional development potential. Contact me today for an information pack and to schedule a viewing. Please note that viewing is strictly by appointment only.