249 Elphinstone Street, Koongal QLD 4701

Offers Over $499,000

4 beds

2 baths

2 parking

Duplex with dual street access!

Don't miss this chance to secure a fantastic investment property in the sought-after suburb of Koongal. Situated on a generous 807m² corner block (Elphinstone & Grimley Streets), this duplex offers dual income and strong rental potential, making it perfect for seasoned investors or those looking to start their portfolio.

Currently, Unit 1 is rented at $300 per week, with a rental appraisal of $320 per week "as is" for both units. Each unit is self-contained, providing privacy with separate yards and carports. Unit 1 features two generously sized bedrooms, a separate lounge, kitchen, and dining area, as well as a bathroom, internal laundry, and single carport. It also includes fly screens and air conditioning for added comfort. Unit 2 offers two spacious bedrooms, a lounge, a kitchen and dining area, a separate toilet, and a bathroom. It also boasts a large laundry with ample storage, a covered back deck, a private yard, a single carport, air conditioning, and ceiling fans.

Located in a prime area close to public transport, schools, shops, and essential amenities, this property is positioned to attract strong rental demand. Duplexes in this area are highly sought after, making this an unmissable opportunity to add to your portfolio.
- Great if you want to add value before renting to increase your returns
- Rental Return of $640 per week in as is condition
- One Unit rented for $300 per week with long-term tenant
- One Unit vacant ready for renting or renovations to add value and rent for more.
- Air-conditioned living areas
- Lowset with only a few stairs
- Seperate Carports for both

Property Details

• Type: DuplexSemi-detached
• Bedrooms: 4
• Bathrooms: 2
• Other Parking: 2
• Building Area: 123 m² (approx)
• Land Area: 807 m² (approx)
• Tenancy: Vacant