1 & 2/55 Rural Street, Park Ridge, QLD, 4125

$730,000
Sold on 3rd May 2023
  • 5 BED
  • 3 BATH
  • 2 CAR

INVESTMENT OPPORTUNITY - DUAL OCCUPANCY RETURNING $810pw

Opportunity knocks for the savvy investor with a near new dual key duplex built in 2021 on a 476m2* allotment, in the developing suburb of Park Ridge. Crafted to maximise the income with two properties on one title, maximising your income and controlling your expenses.

Rental income is currently $810 per week for both properties, with the opportunity of increasing the rental income renewal in May.

These two properties are sold ‘as one’ and comprise one 3 bedroom unit and one 2 bedroom unit, with:
– Brick and render,
– Exposed aggregate driveway and paths
– Modern fixtures and fittings
– Air conditioning to main living in both units
– Ceiling fans to all bedrooms and living areas
– Stainless steel appliances
– Ready made tenants in place so no delay in rental income.

Unit 1 – Currently rented @ $460 per week – lease in place currently to 06/10/2023
– Lowset
– Three bedrooms with built-in robes
– Air-conditioning and ceiling fans
– Bathroom and ensuite to main bedroom
– Modern kitchen with dishwasher
– Open plan living area
– Single lockup garage with remote
– Private covered outdoor area

Unit 2 – Currently rented @ $350per week – lease in place currently to 28/5/2023
– Lowset
– Two bedrooms
– Bathroom
– Modern kitchen with dishwasher
– Air-conditioning and ceiling fans
– Open plan living and dining
– Single lockup garage with remote
– Private covered outdoor area

Park Ridge is conveniently located near the Logan & Gateway Motorways, providing quick and easy access to Brisbane CBD and airport (approx. 30 minutes), the Sunshine Coast and the Gold Coast.

This duplex represents value don’t delay call for an inspection today !


Property Details
Property Type: Residential
Land Area: 476 SQM

Property Features
Air Conditioning
Built In Wardrobes
Dishwasher
Courtyard
Fully Fenced
Outdoor Entertainment Area
Remote Garage
Secure Parking