Investment property with gross annual income of US$189,285 call for breakdown of Income/Expenditure.
Sitting on over 1/3acre of canal front land the property provides an interesting mix of accommodations with a substantial main house offering five bedrooms and a pool, with an attached self-contained one bedroom “in-law suite” that has its own entrance but can also be accessed from the primary residence if required. On the same lot but with its own private driveway are two additional rental apartments a 2bed on the ground floor and a 1bed room upstairs. Currently set-up solely for rental investment income the Magellan Quay #18 gives flexibility to allow a number of different scenarios including owner occupation plus rental income.
Main House – 5 bedrooms 41/2 bath (3,562sqft)
Adjoining in-law cottage – 1 bed 1bath (575sqft)
Separate g/f rental – 2bed 2bath (1,040sqft)
Separate upstairs rental – 1bed 1bath (450sqft)
Please email for a breakdown of the rental income