East Ipswich QLD 4305
$588,000

DESCRIPTION

Did you know that your primary residence could also serve as a source of income, potentially bringing in over $74,000 per year? Here's an enticing opportunity: for just $588,000, you can own a charming 2-bedroom + Large study room (office) villa with its management rights included. If you manage it yourself, you could earn $74,000 annually, with an 8-year agreement already in place, and the possibility of renegotiating with the body corporate for renewal.

This business is tailored for streamlined management, requiring only one part-time person, making it perfect for a small family where one member can stay home to manage it, or for a semi-retired couple seeking an income without the hassle of commuting. Additionally, if gardening isn't your cup of tea, you have the option to hire a contractor to handle it.

Alternatively, you can treat it as an investment property and business opportunity. With the current rent at $370 per week for the unit, you can use that income to engage a contractor to maintain the complex, resulting in a return of over 12.5% on your investment.

This property boasts an excellent location in one of Ipswich's most desirable areas. Situated within walking distance of the East Ipswich train station and in close proximity to Riverlink and Booval shopping centres, as well as the medical precinct, it's right in the heart of Ipswich.

The complex stands as a testament to resilience, being completely flood-free. Throughout various Southeast Queensland flooding events, the complex has remained unscathed, offering residents peace of mind in every wet season.

Seize this incredible opportunity today! If you're unfamiliar with this type of opportunity to generate income from your property, reach out the exclusive agent, Celine for more details on how you can earn extra income from the comfort of your own home and book your private inspection.(Listing ID: 21132045 )