Off Market Duplex Sub $450K

The Details

Location: Northern Queensland

Type: Off-market duplex

Purchase Price: $435,000

Expected Rent: $640 p/wk

Rental Yield: 7.6%

Vacancy Rate: 0.58%

Tightening rental market will increase rents further at next review

Negotiated $3k off purchase price during due diligence period

Freshly painted with new carpet and bathroom vanity

Growing population with big infrastructure spends and diverse employment opportunities

Positive cash flow