3 Hardy Avenue, Park Avenue, QLD, 4701, Australia

Opportunity knocks with 7 studio-style flats currently returning a gross yield of $63,700 per annum to attract investor interest. Each flat offers a 3.0m x 6.5m living and sleeping space with timber floors, ceiling fans and air-conditioning, with a basic kitchen and bathroom and common laundry facilities. There's certainly scope for an upgrade, or just continue collecting rent as is. The complex was built in 1970 and is handy to all amenities.
-Low-set, 1970 complex of 7 conjoined studio-style flats
-Open-plan 6.5 x 3.0 living/sleeping space with timber floor
-Basic kitchens with electric stove and small dining space
-Basic bathrooms with shower, vanity, WC and towel cupboard
-Air con and 2 ceiling fans in living areas, fully security screened
-Front landing to all flats, full length deck out back door
- Common laundry facilities with small concreted parking area and plenty of off street parking
-Brand new roof, 1223m2 fenced block, owners do maintenance
-Quiet residential location handy to public transport and shops
-Gross rent return of $1225pw ($63,700pa) = 9.8% on asking price