23 Pix Road, Davoren Park, SA 5113
Sold: $145,000 (06-08-2011)- hotel 3
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This neat and tidy 3 bedroom semi sits inside the Playford Alive regeneration area of Davoren Park. It features 3 generous bedrooms, neutral decor and the warmth of carpet throughout. It also offers heating and cooling via wall unit and features gas cooking and hot water for your convenience.
Outside there is carport to house your vehicle from the elements and the home sits on an easy care allotment of 488sqms offering plenty of room for the children and pets to play.
With the Playford Alive development gathering momentum, this is an exciting opportunity to ride this wave and you will be spoilt for choice in terms of amenities as the Super Schools near completion and you are conveniently located near Munno Para Shopping Centre and Elizabeth City Centre.
Currently tenanted for $180 per week there is an opportunity to return 5.6% gross on the rent alone.
Combine this with the potential capital return that must occur with all the development happening in the area, there is the potential to generate fantastic returns. With the lease expiring in March 2011 there is the possibility of gearing your investment even further by increasing the rent.
Do not miss this rare opportunity to get on the property ladder or for the astute investor to produce extraordinary returns!
Phone Mike Lao now on 0410 390 250 to inspect today.