13 Raymond Street Melton South VIC 3338
$1,800,000

DESCRIPTION

Invest Smart, Live Free with This Multiple-Income Property (MIP)

Co-living is the current trend, and this is your rare chance to secure a brand-new, purpose-built MIP that guarantees strong returns from day one. With a registered valuation of $1,900,000 and rental returns projected at $166,500 per annum, this investment offers an instant capital growth of $100k and an impressive EBITDA of around $130,000.

Property Features:

This meticulously designed property comprises nine high-quality studios, each boasting:

Ensuite: Full private bathroom
Kitchenette: Equipped with modern appliances, including a rangehood
Quality Furnishings: Queen or Double bed, 2-seater couch, and full-size fridge/freezer
Climate Control: Split-cycle air conditioning for year-round comfort
Private Outdoor Area: Synthetic lawn, personal clothesline, and low-maintenance courtyard
Additional Amenities:

Shared kitchen and laundry facilities
Solar panels installed to reduce energy costs
Prime Location:

Situated in the tranquil suburb of Melton West, just 35 kilometres from Melbourne's CBD, this property offers the best suburban living with easy access to the city. The area is known for its family-friendly environment, top-notch amenities, and excellent transport links, including Melton railway station and several bus routes.

Nearby Amenities:

Shopping: Woodgrove Shopping Centre with a wide array of retail, dining, and entertainment options
Recreation: Nearby parks, including Arnolds Creek Reserve, Navan Park, and Westlake Reserve
Education: Close to reputable schools
Transport: Quick access to Melbourne CBD via Melton railway station and multiple bus routes
Financial Overview:

Rental Returns: Circa $166,500 P.A.
Depreciation: $44,000 in the first year
Land Tax: Exempt
This fully furnished, tenant-ready property is on a quiet street adjacent to parklands, ensuring it attracts the best tenants at optimal rental returns.

Seize this Opportunity:

Contact us today for the Information Memorandum, Valuation Report, and Rental Appraisal to secure your financial future with this exceptional Multiple-Income Property.

Disclaimer: Every effort has been made to ensure the accuracy of the information provided in this advertisement. Prospective buyers should take any necessary action to satisfy themselves regarding relevant details.