74 Levenia Street St Albans

"Exceptional 9-Bedroom Rooming House with 13.7% Yield"

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Investment Highlights

This exceptional 9-bedroom, 9-bathroom rooming house in St. Albans offers a high-yield investment opportunity with a gross income of $184,860 and an outstanding 13.7% rental yield. It features 9 individual bedroom suites, each with private courtyards, offering a fully-managed, high-demand accommodation model in a growing area.

Financial Performance

The property showcases solid financial metrics:

• 13.7% gross rental yield, substantially outperforming traditional investment returns
• Annual gross income of $184,860
• Estimated rental value of $390 per room per week
• Land contract component of $600,000, build contract at $730,000

Complete Turnkey Package

This property offers a comprehensive turnkey package with the following features:

• Internal fencing and private courtyards for each bedroom suite
• Wifi connection to digital door locks for enhanced security
• Emergency exit plan and interconnected smoke alarms
• Additional builders range hot water units and acoustic insulation between suites
• Space for commercial laundry machines and private clotheslines for each suite

Prime Location

Situated in St. Albans, a high-demand area, with close proximity to public transport, retail, and employment hubs. This region boasts strong tenant demand and rental growth potential.

Property Specifications