This property presents a unique opportunity to acquire a freehold development containing six apartments situated in the vibrant area of Erdington. Currently, the building is fully occupied, showcasing its strong demand and potential within the rental market.
Comprising two one-bedroom units and four two-bedroom units, this development boasts a current net rental yield of approximately 7%. This makes it an attractive investment for those looking to capitalize on the area's growing popularity.
One notable feature is the rear parking area, alongside additional free on-street parking options available for residents and guests. The property also includes a sizable sloping garden that has been left largely untouched, opening doors for future enhancements or even further development—an excellent avenue for investors seeking to maximize their portfolio.
While the property is livable as-is, there is undeniable potential for modernization. Renovations could be strategically implemented between tenant turnovers, allowing for value-add opportunities that align with market trends.
Overall, this property not only offers immediate rental income but also various avenues for growth and development in a promising location. Viewings can be scheduled by appointment only.
