High-Yield Investment Opportunity: 5-Flat Complex in Prime Toowoomba City Location!
Situated just a short stroll from the Toowoomba CBD and public transport, 41 Raff Street offers a compelling investment opportunity with a solid rental history. This character-filled complex comprises five flats, a mix of 1 and 2-bedroom configurations, spread across a generous 898sqm* allotment. Currently returning $800 per week, equating to a gross yield of approximately 7.3%, this property is zoned for residential conservation in a rapidly developing precinct. With tenants in place, some dating back to 2011, this property offers a stable income with significant potential for future capital growth. Whether you are an investor seeking immediate returns or looking for a long-term asset in a prime location, 41 Raff Street is a must-see.
• Prime Location: Walking distance to Toowoomba CBD and public transport
• Solid Rental History: Tenancies in place since 2011, ensuring steady income
• High Yield: Currently returning $800 per week, offering a gross yield of around 7.3%
• Five Flats: Mix of 1 and 2-bedroom units, providing diversified rental income
• Large Allotment: Generous 898sqm* block, ideal for future redevelopment or capital growth
• Zoning Advantage: Residential conservation zoning in a growing precinct
• Low Maintenance: Grass cutting managed by a contractor, with insurance handled by the owner
• Future Potential: Positioned in a rapidly developing area, ensuring strong capital growth prospects
* Approx.