175 German Street
Norman Gardens QLD 4701
- 4 Bed
- 2 Bath
- 4 Parks
$579,000
A Solid Duplex Investment with Growth Potential
This duplex presents an outstanding opportunity for investors looking to secure a strong rental return with significant potential for capital growth. Situated on a 602sqm block, this property features two well-maintained, structurally sound units, each with two bedrooms and one bathroom.Both units are currently tenanted, ensuring immediate income for investors:
• Unit 1: $235/week (Lease expires 30th June 2025)
• Unit 2: $225/week (Lease expires 18th December 2025)
• Market rental appraisal: $400-$440 per Unit
• Council rates: $2,982 per 6/months
These well-maintained units have undergone valuable updates over the years, including air conditioning installation, kitchen improvements, upgraded flooring, and new hot water systems. A separate water meter has also been installed to allow for independent billing-an attractive feature for investors and tenants alike. With plenty of scope to modernise, this property offers strong potential for capital growth while delivering immediate rental income.
Located in the highly sought-after suburb of Norman Gardens, this property benefits from a convenient, well-connected location. Essential amenities, including shopping centres, schools, parks, and public transport, are just minutes away, ensuring strong tenant demand and minimal vacancy periods.
This is a fantastic opportunity to invest in a solid, well-positioned duplex with significant rental upside. Whether you're looking to add to your portfolio or secure your first investment, 175 German Street offers both immediate returns and long-term growth potential.
Features
General Features
- Property Type: Block of Units
- Bedrooms: 4
- Bathrooms: 2
- Land Size: 602sqm
Indoor Features
- Toilets: 2
Outdoor Features
- Open Car Spaces: 4
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