34 Spencer Street, Roma QLD 4455

$820,000

6 beds

3 baths

5 parking

Unit Complex on Spacious Allotment in Short Distance to CBD

• 3 x 2 Bedrooms Units
• No body corporate fees
• Not strata titled
• Ideal location

Secure a stand out investment at 34 Spencer Street, Roma - a quiet and well maintained block of three 2-bedroom units, offering a combined weekly income of $1050.00 and an impressive rental yield. Positioned minutes from the local shops, this property is a prime opportunity for savvy investors. Rental worth has been appraised at $350 - $360 per unit at renewal which would provide a future combined weekly return of $1,070.00.

Each unit is thoughtfully designed for tenant comfort and practicality, featuring two generously sized bedrooms with built-in robes, spacious living areas, and central eat-in kitchens equipped with electric cooking, dishwasher and plenty of bench and cupboard space. Neat and functional bathrooms with showers and vanities are complemented by separate toilets for added convenience. Hallway storage, internal laundries, and their own fenced courtyard complete these low-maintenance units.

Key Features:

• Split system air conditioning to the main living area and ceiling fans fitted throughout

• Undercover front porch area

• Each unit has its own lawned courtyard that is fully fenced

• Single undercover carports plus visitor parking to the complex

Rental Return:

• Unit One: $350.00 per week until 27/07/2025

• Unit Two: $340.00 per week until 29/03/2025 with a rental increase in place of $360.00

• Unit Three: $360.00 per week until 27/10/2025

Outgoings:

• Council Rates: $2778.95 per six months (each unit has its own water meter)

• Common Area Maintenance: $120.00 per visit (pending requirement - every 2-3 months)

This unit complex is a low maintenance investment that has been well maintained presenting an excellent ROI with potential to grow. Contact Morgan Rowbotham on 0419 850 369 to arrange an inspection of these units (24 hours minimum notice is required).

Property Details

• Type: BlockOfUnits
• Bedrooms: 6
• Bathrooms: 3
• Toilets: 3
• Carport Spaces: 3
• Other Parking: 2
• Land Area: 1,017 m² (approx)