Available as a Rent Roll only, this exceptional small parcel is perfect as an add-on to an existing portfolio. The majority of the properties are situated in high rental growth locations with minimal vacancies and strong demand. Exceptionally well managed with excellent systems in place. An exceptional addition to an existing portfolio or great cash flow to add to a start-up business.
rent roll information
- 61 Residential Properties.
- Covering mostly Redbank Plains, Bellbird Park, and Springfield Lakes.
- 90% of the properties are houses.
- 87% of rentals within close proximity.
- Minimal number of multiple property landlords.
- Very low vacancy rate.
- Income P.A. from Management Fees and Rent Collection $85,771
- Significant additional income from Letting fees and Sundry Fees.
- Average Management Fee 7.19%
- Average Annual Management Income (AAMI) $1,407 per property (Houses).
- Average Weekly Rent $376.00 (Houses).
- Rent Roll for sale at $2.65 per $1.00 Income.