SRR079 | Diamond in the Rough - Logan & Ipswich - UNDER OFFER

$240,014

 

An excellent opportunity to acquire a 38-door residential rent roll across the Logan and Ipswich areas, offering strong recurring management income, healthy fee structures and a highly diversified landlord base.

The portfolio generates $82,763 in AMI, equating to an attractive $2,172 AAMI per property, with an average management fee of 7.1%.

 

Key highlights include:

  • 38 residential properties
  • $82,763 AMI
  • $2,172 AAMI
  • 7.1% average management fee
  • 0.5% vacancy rate
  • 2% arrears rate
  • Strong additional income from leasing, re-leasing and advertising fees
  • 100% compliance score
  • RolliScore of 79
  • Established portfolio across Logan and Ipswich

 

With almost one landlord per property, the portfolio provides an excellent level of diversification and reduces exposure to the loss of a major landlord account.

A well-balanced portfolio with strong underlying income and additional fee opportunities, making it an ideal acquisition for an existing agency looking to add quality doors and grow market share, or an operator seeking a compact, income-producing portfolio with immediate scale.

 

Details

Region Queensland - Brisbane
Property Type Business
Category Professional

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