An excellent investment opportunity to acquire 5 loft-style apartments located on the 2nd and 3rd floors, generating a combined rental income of $24,500 per year.
Offered at an attractive asking price of $432,000, this property provides investors with an established rental income stream and an opportunity to earn attractive returns through residential property investment.
The five loft apartments offer an appealing accommodation style for tenants seeking modern, practical living spaces. With existing rental income, this investment is ideal for buyers looking to acquire an income-generating property rather than starting a rental business from scratch.
Property Investment Highlights
- Property Type: Loft Apartments
- Total Units: 5 Apartments
- Location within Building: 2nd and 3rd Floors
- Asking Price: $432,000
- Annual Rental Income: $24,500
- Monthly Average Rental Income: $2,041.67
- Gross Rental ROI: 5.67% per year
- Investment Type: Income-Generating Property
Investment Return
Based on the asking price of $432,000 and annual rental income of $24,500, the property generates an estimated gross rental yield of 5.67% per annum.
This represents approximately $2,041.67 in average monthly rental income, making it an attractive opportunity for investors seeking recurring rental income and long-term property investment potential.
A great opportunity to own five income-generating loft apartments in one investment.
Contact us today for further information or to arrange a private viewing.
