18 Elms Street
Bundamba, QLD 4304

This full duplex presents a unique opportunity for renovation and investment, currently being sold "As Is". Unit 1 is vacant and requires ceiling repairs due to storm damage along with wall patching. This offers a chance to perform essential repairs to make the unit tenant-ready or undertake a full renovation if you prefer to reside in the property. Meanwhile, Unit 2 is currently tenanted, providing an ongoing income stream, though it also requires some ceiling and wall repairs.

The duplex is strata titled, offering savvy buyers flexible options, but it is currently being sold as a whole. Each unit comprises two bedrooms featuring built-in robes, with the main bedroom offering two-way access to the bathroom. The bathrooms include a skylight (noted as damaged), a bathtub, vanity, and a separate shower, providing functional and comfortable amenities.

The toilet is situated in a separate laundry area, which also has an external side door for convenience. The kitchens are tidy and equipped with an upright stove, rangehood, pantry, and ample fridge space, complemented by a skylight (also damaged) that allows natural light to brighten the space.

Each unit boasts a generously sized living room that is air-conditioned and features two sliding glass doors. These doors allow abundant natural light to fill the rooms and open onto a shaded, concreted back patio, ideal for relaxation or entertaining guests.

Parking is well catered for with a garage at the front of each unit, along with concreted visitor parking on each side, ensuring ample space for residents and guests alike.

Unit 2 is currently leased at $350 per week until 5th December 2026, providing a steady rental income. The duplex is conveniently located close to Bundamba State School, local shopping centers, and the train station, making it an attractive option for families and commuters.

Rental appraisal estimates range from $400 to $450 per week, offering potential for increased rental returns. Rates are approximately $638.65 per quarter for each unit.

This property represents an excellent project for investors or owner-occupiers looking to add value through renovation while benefiting from immediate rental income. Its location and features make it a practical and promising investment opportunity.