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17 & 19 Forrestall Road
Elizabeth Downs SA 5113

 

$285,000

   
1 of 7 photos

Cashflow now, develop later!

Property ID: 20629

Both sides of this semi detached duplex are on one title, a parcel of approximately 960 square metres which presents opportunity for triplex development in the future (STCC).

In the mean time, cash in on the high yield this property attracts. It currently has a very long term tenant in one side paying $200 per week and the other side is currently vacant. Market rent in this area is a combined $450 per week, making for a very tidy gross yield. Do the sums!

Inside, both sides feature 3 bedrooms and 1 bathroom each. Floorboards feature throughout.It is convenient distance to Munno Para Shopping Centre and sought after Craigmore High School.

Air conditioning and hot water units are fairly new, making this a low maintenance investment for years to come.

Features include: Close to Schools, Close to Shops, Close to Transport, Formal Lounge, Pets Allowed, Quiet Location, Bath, Fully Fenced, Living Area, Level Lawn, Rainwater Tank, Security Windows, Close to Parklands

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6 2 2
Property Type: House
Block Size: 960 m2 (approx)

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Vital Statistics

Block Size: 960 m2 (approx)
Stamp Duty: $8,465

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Elizabeth Downs Profile

The average age in Elizabeth Downs is 35 years and it has a population of 5,142.

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