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This is the perfect opportunity for first-time home buyers on a budget or investors wishing to add to their portfolio at the ever-popular Harvard Apartments. This Freehold 2-bedroom, 1-bathroom apartment spans around 38 sqm, making it Bank-Friendly. Residents also have access to an on-site gym.
This apartment is ideally located, providing easy access to all the city's conveniences and attractions. You can easily enjoy the vibrant city lifestyle. The apartment is close to Sky City, diverse dining and shopping options, universities, and international schools, making it an ideal location. In addition, you have excellent access to various public transport options.
The current weekly rental income for this apartment is $480, with the potential to increase to an appraised $520 - $550 per week with some improvements to the property. At the current rent, the ROI is approximately 7%. However, with some enhancements to the apartment, the expected ROI is over 8% based on the increased rental appraisal, making it a profitable choice for your portfolio.
The body corporate levy is around $3,450 annually, and council rates are about $1,347 annually.
Take advantage of this opportunity to own a property in the city's heart. Whether stepping onto the property ladder or expanding your investment portfolio, this apartment at the Harvard Apartments is a must-see. Contact me today to schedule a viewing.