64 Clifton Street

PRIME INCOME ASSET | VALUE-ADD OPPORTUNITY | 8.9KM TO CBD Four incomes. One title. No body corporate. And a value-add story that starts from day one. 64 Clifton Street sits in one of Moorooka's most sought-after pockets directly beside Mackenzie Place Park, with Billykart Kitchen and a busy neighbourhood retail strip right across the road. It is the kind of location that attracts quality long-term tenants and holds them. Fully tenanted and generating $2,220 per week ($115,440 per year), this block of four 2-bedroom units on a single 931m² freehold title is a set-and-forget income asset with a clear, low-cost pathway to lift yield significantly from day one. The Numbers Price Guide: $2,350,000 $2,450,000Gross income: $2,220/pw | $115,440/yrNet income (after all known outgoings): $92,819/yr | $1,785/pwGross yield: 4.81% | Net yield: 3.87%All leases expiring late 2026 clean transition for a new owner THE VALUE-ADD OPPORTUNITY The current owner has left real upside on the table. Three low-cost improvement phases have been identified each implementable at lease renewal with no vacancy impact: Phase 1 Security, storage & laundry upgrade (under $4,000)Divide and secure the undercroft to give each tenant a private lockable space and coded laundry access. Estimated rental uplift: +$170$250/pw. First-year ROI: 221%325%. Phase 2 Sub-meter water charge-back ($2,400$4,200)Install approved sub-meters and recover water usage from tenants under Queensland tenancy law. Annual saving: ~$756. Phase 3 Kitchen, bathroom & window refresh ($10,000$15,000 per unit)Targeted cosmetic refresh not a full renovation. New tapware, vanities, splashbacks and blinds. Estimated uplift: +$70$100/pw per unit. Combined result after all three phases: Gross rent: $2,720$2,900/pw Gross annual income: ~$141,000$151,000 Net yield on $2.4M: 5.10%5.37% Implied property value at 4.5% yield: $3.1M$3.2M NDIS / SIL ACCOMMODATION POTENTIAL The property ticks several key suitability criteria for NDIS Specialist Disability Accommodation (SDA) or Supported Independent Living (SIL) registration park-adjacent, bus stop at the gate, cafés and services within walking distance, and Unit 1's separate ground-floor entrance well suited to accessibility modifications. SIL/ILO registered units in inner Brisbane typically return $800$1,200/pw per unit. At an average of $900/pw across all four units, gross income could reach approximately $187,200/yr a gross yield of ~7.8% on the $2.4M midpoint. Please note: NDIS and SIL accommodation is a specialist pathway, not suited to every investor. It requires genuine commitment to participant wellbeing and engagement with the accreditation framework. Local Property Team manages an extensive NDIS/SIL rental pool across South East Queensland and would be happy to discuss this further with interested purchasers. THE PROPERTY Unit 1 The Standout ($570/pw)Largest of the four, originally designed as an owner/manager residence. Polished hardwood floors throughout, air-conditioned lounge opening to a private deck, renovated kitchen with new cooktop and oven, refreshed bathroom. Downstairs: exclusive double tandem garage, private laundry, large storage/workshop, separate toilet. Unit 2 ($550/pw)Polished hardwood floors, two well-sized bedrooms with built-in robe in master, new stove, ceiling fans, dedicated undercover car space. Unit 3 ($550/pw)New carpet in bedrooms and lounge, new stove, vinyl kitchen floor, ceiling fans, dedicated undercover car space. Unit 4 ($550/pw)Polished hardwood floors in kitchen and lounge, new carpet in both bedrooms, built-in robe in second bedroom, new stove, ceiling fans, single carport. Units 2, 3 and 4 share an undercover laundry with individual washing machine bays. Property Code: 1445