Two Homes. Two Current Rents. One Title. No Body Corporate. 57 Miamax Place LOGAN RESERVE QLD

Description

57 Miamax Place, Logan Reserve QLD

Also known as 57A & 57B Miamax Place

Dual Occupancy | Dual Income | One Title | No Body Corporate

An increasingly versatile property configuration, this modern dual-occupancy residence offers two separate homes under one roof, held on one title, providing flexibility for investors, owner-occupiers and extended families.

Currently returning a combined $1,000 per week ($52,000 p.a.) in gross rental income, the property provides an indicative 4.33% gross rental yield based on a $1,200,000 purchase price.

There is no body corporate, while separate water meters provide a practical arrangement for separately assessing water usage for each residence.

Residence 57A
3 bedrooms | 2 bathrooms | Single lock-up garage
Currently leased at $550 per week

A well-appointed three-bedroom residence featuring a master bedroom with ensuite, open-plan kitchen, dining and living, air conditioning, ceiling fans, internal laundry, modern kitchen and private alfresco/outdoor area.

Residence 57B
2 bedrooms | 1 bathroom | Single lock-up garage
Currently leased at $450 per week

A comfortable two-bedroom residence with open-plan living, modern kitchen, air conditioning, ceiling fans, private outdoor area and single lock-up garage.

Why it deserves consideration
Two independent residences
Two separate rental incomes
$1,000 per week current combined rent
$52,000 p.a. gross rental income
Indicative 4.33% gross yield at $1.2m
One title
No body corporate fees
Separate water meters
Approximately six years old
Low-maintenance design
Flexible owner-occupier or investment use

Located in a family-friendly Logan Reserve neighbourhood, close to schools, parks, shopping and public transport, with both residences within the Logan Reserve State School and Marsden State High School catchments.

The property is currently tenanted. Please do not approach the property or occupants without an appointment and agency representative present.

Offered for sale with all offers invited for the seller's consideration.

For further information or to arrange an inspection:

Marlene 0402 580 647
[email protected]

Rental figures, outgoings and yield are provided as stated/currently applicable and should be independently verified by prospective purchasers. Yield is calculated as gross annual rent divided by the stated $1,200,000 purchase price and does not account for expenses, finance, taxation, vacancy or other ownership costs.

*Disclaimer: In preparing this advertisement, we have used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
This property is listed for sale without a specified price, so we are unable to provide a price guide. The website may categorise the property into a price range for functionality purposes. Please refrain from making any assumptions about the sale price based on these website filters. Every effort has been made to ensure the accuracy of the information provided. However, prospective buyers should conduct their own enquiries to verify the details of the property.