This well managed rent roll of 35 properties would be an excellent acquisition requiring minimal additional or administration costs.
33 residential properties and 2 commercial properties.
Majority of properties are located at Bribie Island or within 5km radius.
Rent Roll information
- 35 properties (33 residential, 2 commercial)
- Over 68% of rent roll located in top 3 suburbs
- Income p.a. from management fees and rent collection $49,384
- Income p.a. from additional fees and charges $3,199
- Total income $52,583 per annum
- Average annual management income (AAMI) of $1,408 per property (residential)
- Average management fee of 7.65% (residential)
- Average weekly rent of $346 (residential)
- Average annual management income (AAMI) of $1,458 per property (commercial)
- Average management fee of 8.50% (commercial)
- Average monthly rent of $1,430 (commercial)
Rent Roll for sale at $2.50 per $1.00 income.
Total purchase price $123,460