200 Elphinstone Street, Berserker

Canny investors should see this two unit property as an opportunity to enter the Rockhampton rental market at a budget price. Realising $380 per week, the investment shows a 9.9% gross annual yield on the asking price. Both bathrooms have been recently renovated and the property has sufficient original features for sympathetic renovation to further increase returns in the rising rental market.

Queenslander home converted to two 2 rental unitsEach unit has 2 good-sized bedrooms and long living roomFully functional eat-in kitchen in each unitBoth bathrooms recently renovated, separate toiletsUnit 1 currently rented at $180 per weekUnit 2 has air conditioner and ceiling fan, rents at $200 per week$19,760 represents 9.9% annual gross return on asking priceFully fenced level block of 809m2Hardwood floors and other original features suit renovationGolden opportunity to take advantage of the rising rent market