Positioned on a 850m2 block in an ultra-convenient location, this astute investment presents 4 fully self-contained timber flats with a projected rental income of $65,520 per annum. Always occupied these flats are a short walk from popular local cafes and moments from multiple shopping and entertaining precincts including Coorparoo Square. Less than 5 radial kms from the CBD, the property has effortless access to it via direct bus routes and is near to rail transport. - All flats feature spacious light filled layouts, well-proportioned living areas, practical gas kitchens, sizeable bedrooms and 2 stair access - Each flat has character elements, are secure for tenants and have under cover, off street parking - Character features include coloured stain glass windows, leadlight windows, decorative cornices, ceiling roses, French doors, 2.8 m high ceilings, hopper and casement windows, decorative fireplace in Unit 1 - Under the flats there is additional storage space and a communal laundry - Compliant, hardwired smoke alarms throughout - Separately metered for gas and electricity - Moments to Greenslopes and PA Hospitals - Inside the Holland Park State School and Cavendish Rd High School Catchments - Maximise your return on investment by renovating individual flats - Property could be restored as a house if required - Existing building could be removed, no traditional building character overlay, STCA - Assured strong capital growth - Council land value as at 1/10/21 $780,000 - Rates are $1,180 per quarter - A Building and Pest Report can be supplied upon request - Configuration and current rents Unit 1 - 2 bed/ 1 bath $260 per week Unit 2 - 1 bed/ 1 bath $260 per week Unit 3 - 1 bed/ 1 bath $240 per week Unit 4 - 1 bed/ 1 bath $260 per week - Gross rental income $53,040 per annum - Projected per annum income $65,520 (3 x $300,1 x $360)