Make an offer!!!....positive cash flow and further development options!!!
403 Ballina Road, Lismore
Property Type: House
Approx 663.9 Square metres
5 car spaces
Two self-contained dwellings. Two full street frontages. Development Options. This one ticks all the boxes for the smart investor or represents a great option for the family with children PLUS mum and dad. Or own one and rent one.
Upper level self contained accommodation include:
• Three good size bedrooms with robes.
• Security screens.
• Double carport.
• Extra-large workshop just begging for conversion to additional residential accommodation or leave as is for a great shed / workshop / art studio..
• Large lounge.
• Separate dining area.
• Kitchen with cork flooring finish.
• Bathroom with separate bath and shower.
• Separate WC.
Lower level self contained accommodation features include:
• Large bedroom.
• Cozy kitchen.
• Good size bathroom.
• Laundry enclave.
• Undercover storage.
• Scope for expansion to significantly increase residential accommodation.
Grounds features include:
• Front and rear street frontage and access.
• Plenty of parking on site and street.
• Established lawns and gardens.
• Expansive rear yard.
• Views and a great outlook.
Asking $379,000 and with combined current market rent appraised at circa $500 per week, or owner occupy and improve, this property is worthy of your consideration.
How much will the rent from one tenancy go toward paying the mortgage?