4a & 4b/20 Pinelands Street, Loganlea, QLD, 4131

$790,000
Sold on 25th March 2024
  • 5 BED
  • 3 BATH
  • 2 CAR

DUAL INCOME INVESTMENT OPPORTUNITY @$850 PW

Built in 2017 this appealing property offers the opportunity to reap instant returns, with both dwellings currently leased allowing you to build your portfolio quickly. This is a must see property for anyone looking to invest located in a sought after area .

Rental income is currently $850 per week for both properties, with the possibility of increasing with lease renewal in the future.

These two properties are sold ‘as one’ and comprise one 3 bedroom unit and one 2 bedroom unit, with:
– Modern fixtures and fittings
– Air conditioning to main living & master to 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 @ $450 per week – lease in place to September 2024.
– Three bedrooms with built-in robes and ceiling fans
– Air-conditioning in living & master bedroom
– Main bedroom with ensuite
– Kitchen including stainless steel appliances
– Open plan living area
– Single lockup garage with remote
– Covered outdoor alfresco area

Unit 2 – Currently rented @ $400 per week – lease in place to September 2024
– Master bedrooms with ensuite
– Kitchen including stainless steel appliances
– Open plan living & dining
– Air-conditioning in living & master bedroom
– Single lock up garage with remote
– Covered outdoor alfresco area

In a quiet street and only a short drive to the train station, Logan hospital, TAFE, Griffith University, Meadowbrook shopping centre and with easy access to both the M1, Logan Motorway and major arterial roads.

Rates & Water – $3,172pa
Body Corp – $1,200pa

This dual income investment represents value don’t delay call for an inspection today !


Property Details
Property Type: Residential
Land Area: 491 SQM

Property Features
Split System Airconditioning
Broadband Internet Available
Built In Wardrobes
Dishwasher
Courtyard
Fully Fenced
Outdoor Entertainment Area
Secure Parking