This is a house on a lot in 2/LP42730 Frankston VIC. We estimate its value at $840,000. Constructed in 1989, it has 6 bedrooms, 2 bathrooms.
Vendor Says Sell - All Reasonable Offers Will Be Considered Returning up to approx. $55,000 p.a Substantial opportunity to buy an existing, fully council approved, 6 room boarding house in a prime location minutes from Monash University and Frankston Hospital. Situated on approx. 873m2, with potential to subdivide and possibility for another 6 room boarding house at the rear or similar residence (STCA). The existing dwelling is Ideal for cashed up investors looking for a positively geared investment, self-managed superannuation portfolios, or as a long term negative geared investment. * *(please seek advice from a financial planner). Its features include - - Main Bathroom and a Disabled Bathroom -Six good sized private bedrooms -Wheel Chair access -Dining Room -Shared Modern Kitchen with gas and electric appliances -Rear Sun Room -Storage Sheds -Undercover carport -Easy maintained living areas and gardens. With the possibility to increase your income with the potential second dwelling at the rear, or extend and add on extra rooms (STCA). Or potential to sub-divide and sell off the backyard and increase you yield. Located within walking distance to Frankston City Centre, local shops, cinemas, restaurants, beach, and public transport. This investment ticks all the boxes and makes good sense and a potential Cash Cow for the savvy investor.